Ask Question
BusinessBusiness
17 November, 09:36

Which of the following is an example of a company increasing its market penetration?

A.

Taking customers away from competitors

B.

Selling existing products to new target markets

C.

Selling new products to the existing target market

D.

Selling new products to new target markets

+3
Answers (2)
  1. 17 November, 09:48
    0
    A, Taking customers away from competitors.
  2. 17 November, 10:01
    0
    C. Selling new products to the existing target market

    Explanation:,

    Market penetration is based on the strategies and the ways that are adapted to create a niche in the existing market to derive maximum profits from the market. Though the sales may decline but generally show wide-scale opportunities in the markets. Factors like the cost, technology and management practices. Thus this strategy keeps developing newer products in the market and boosting the sales volume by adding product lines. Use of special promotions to increase to grab the attention of the clients.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following is an example of a company increasing its market penetration? A. Taking customers away from competitors B. Selling ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Alby Ltd is a trading firm and has warehouses in various cities. One of its warehouses was damaged due to a fire. Which insurance could protect it from this risk? A. business interruption insurance B. property insurance C.
Answers (1)
On January 1, 2017, Shay issues $300,000 of 10%, 15-year bonds at a price of 97.75. Six years later, on January 1, 2023, Shay retires 20% of these bonds by buying them on the open market at 105.25.
Answers (1)
In the open-economy macroeconomic model, at the equilibrium real interest rate, the amount that people (including government) want to save equals desired quantities of domestic investment and net capital outflow.
Answers (1)
The bodybuilding club has ana annual membership fee of $350. you plan to visit 10 times each month. how much is your cost per visit during the year?
Answers (2)
The human resources officer denied mrs. merkel employment because she believes that at 62 years of age, mrs. merkel is too old to start a new career. this is an example of
Answers (2)
New Questions in Business
You go to your favorite coffee shop to buy a chai latte. The cashier takes you $20 and give you change. What role of money does this illustrate?: A) Acceptability B) Medium of Exchange C) Standard of Value D) Store of Value
Answers (1)
Why do ralph piggy and samneric lie about their part in simon death?
Answers (1)
One of the biggest financial benefits of starting early to save for your retirement fund is related to:
Answers (1)
Elizabeth is a full-time college sophomore and has a demanding part-time job. she leaves her saturdays free to run errands and "get things back in order," and to maintain balance. elizabeth's behavior illustrates:
Answers (1)
ABC Bank has made several big loans to a mining equipment manufacturer that sells its equipment to the copper mining industry in Chile. Political unrest in Chile is a source of what kind of risk for ABC Bank? a. Operational risk b. Country risk c.
No Answers
Home » Business » Which of the following is an example of a company increasing its market penetration? A. Taking customers away from competitors B. Selling existing products to new target markets C. Selling new products to the existing target market D.
Sign Up Forgot Password?