Business Studies, asked by DHRUVMAHAJAN5367, 10 months ago

What are the key differences between market penetration and product development?

Answers

Answered by TheDreamCatcher
1

Answer:

Product development and product diversification were the other two. Market development is the use of an existing product or service offering to attract new customer market, whereas market penetration is an effort to dig deeper within an existing marketplace.

Answered by Anonymous
1

Answer:

Product development and product diversification were the other two. Market development is the use of an existing product or service offering to attract new customer market, whereas market penetration is an effort to dig deeper within an existing marketplace.

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