To increase market share in a market penetration strategy, a business can use the tactic to aggressively market a product. This involves increasing promotional efforts, optimizing pricing strategies, and enhancing distribution to attract more customers from competitors and increase sales volume in the existing market.
In order to increase market share in a market penetration strategy, what tactic can a business use?
(1 point)
Responses
find new markets to sell a product
find new markets to sell a product
aggressively market a product
aggressively market a product
obtain new interests in unrelated industries
obtain new interests in unrelated industries
determine the value of competing businesses
determine the value of competing businesses
1 answer
1 answer