"EXPANSION OF MARKET EASY DEFINITION
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Market expansion potential is potential to which a business can be increased in a market. Market Expansion is a strategy of expanding the market size by focusing on different segment of consumers. The potential of a market expansion strategy depends on the size of the new market that a business is trying to enter.
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Answer:Market Expansion Strategy Defined
Market expansion is a business growth strategy. Companies adopt a market expansion strategy when their growth peaks in existing channels. Success depends on confirming that they have fulfilled existing markets.
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