Concept of market penetration
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The action of increasing an existing product's trade share or new product introduction to prehend market stock by volume discounts, advertising, subordinate prices, or packing as a strategy. Percentage of a product's sale volume versus total merchantability product of all competing products as this relative measure. Calculated as: Product's gross revenue measure multiplied by 100 divided by Total sales amount of all competitory products.
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What is MARKET PENETRATION? definition of MARKET PENETRATION (Black's Law Dictionary)
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