What best describes the term market growth?

Name: What best describes the term market growth?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Market growth refers to an increase in consumption of the product either from new or existing customers. Toyota provides an example. When Toyota offers a price promotion on the Camry, they may attract buyers who were considering the purchase of a lower-end model. Thus, the promotion increases the size of the overall family sedan market, as well as increasing Toyota's sales.

What Best Describes the Term Market Growth