market penetration Synonyms
No Synonyms and anytonyms found
market penetration Meaning
Wordnet
market penetration (n)
the extent to which a product is recognized and bought by customers in a particular market
market penetration Sentence Examples
- One of the key objectives of our new marketing strategy is to increase market penetration.
- By offering a wider range of products, the company hopes to improve its market penetration.
- The company's market penetration is relatively low compared to its competitors.
- The new product launch is expected to increase the company's market penetration by 5%.
- The marketing team analyzed market penetration data to identify potential growth opportunities.
- Strategic pricing is crucial for maximizing market penetration and reaching a broader customer base.
- Market penetration is measured as the percentage of potential customers who have purchased a product or service.
- The company's long-term plan aims to achieve market penetration of over 20% within the next five years.
- Market penetration strategies include product differentiation, advertising, and distribution network expansion.
- The company's aggressive market penetration strategy has resulted in a significant increase in sales and brand recognition.
FAQs About the word market penetration
the extent to which a product is recognized and bought by customers in a particular market
No synonyms found.
No antonyms found.
One of the key objectives of our new marketing strategy is to increase market penetration.
By offering a wider range of products, the company hopes to improve its market penetration.
The company's market penetration is relatively low compared to its competitors.
The new product launch is expected to increase the company's market penetration by 5%.
