Market penetration involves introducing new products in its new markets.

Name: Market penetration involves introducing new products in its new markets.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Market penetration involves selling existing products in existing markets, not introducing new products in new markets. This strategy focuses on increasing market share by convincing customers to switch from competitors or by attracting new customers to the brand.

Market Penetration Involves Introducing New Products in Its New Markets