new market penetration
New market penetration refers to the successful entry or expansion of a company into a previously untapped or underdeveloped market segment, achieving growth by capturing customers and market share through effective marketing and distribution strategies.
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Related Concepts (1)
Similar Concepts
- adoption of new technologies
- alliances for expansion into new markets
- alliances for market penetration
- barrier penetration
- business growth
- business model innovation
- market entry strategies
- market expansion
- market penetration
- market saturation
- market segmentation
- organic growth
- penetration testing
- product improvement
- product innovation