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Relative market penetration

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Very nice work!. Market penetration is a measure of the amount of sales or adoption of a product or service compared to the total theoretical market for that product or service. In addition, market penetration can also include the activities that are used to increase the market share of a particular product or service. Pelvic thrust In theory, there are still million more potential customers for cell phones, which may be a good sign of growth for cell phone makers. In general, older products, offerings or industries have greater market penetrations. Market penetration encompasses the activities used to gain additional market share , such as advertising and price changes, and it serves as a measurement for the amount of market share. Market penetration techniques include any action done for the purpose of increasing overall market share, whether by encouraging consumers of similar products to switch to the company's product or by increasing the amount of the population that can be considered potential customers.
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BCG matrix is a framework created by Boston Consulting Group to evaluate the strategic position of the business brand portfolio and its potential. It classifies business portfolio into four categories based on industry attractiveness growth rate of that industry and competitive position relative market share. These two dimensions reveal likely profitability of the business portfolio in terms of cash needed to support that unit and cash generated by it. The general purpose of the analysis is to help understand, which brands the firm should invest in and which ones should be divested. One of the dimensions used to evaluate business portfolio is relative market share.

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Penetration Relative market

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Relative market share compares the market share of a company with that of its next biggest rival. A company which has a relative Market share means that they are the market leader which eclipses their competitor by this factor. A relative market share also demonstrates how far away a company is from being the market leader.

Comments
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Konoha-kunSaturday, June 2, 2018 6:11:20 AM
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Emma HuddSunday, June 3, 2018 11:44:38 AM
Relative market share indexes a firm's or a brand's market share against that of its leading competitor.
Lans QuenetTuesday, June 5, 2018 3:07:06 PM
A company's market share refers to the percentage of a specified market it controls.
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