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Strategy For Startup Growth —} ( 4 ) Market Penetration Strategy Market Penetration Strategy is the one of the most successful strategy for increasing market share . This strategy was used by many brands when their market share Stop increasing or their products are just selling without any type of decrease or increase. How to use that strategy —} 1=} Do Dynamic and Proactive Pricing 2=} Create new products 3=} Target new geographies 4=} Do Partnerships 5=} Innovate something in existing Product 6=} Acquire Other small Companies 7=} Create Promotional activities 8=} Invest More in Sales Representatives 9=} Increase Brand Awareness 10=} Automate most of the work in your company and try to decrease employees. Note —} Use this strategy if you're we'll settled company with medium growth rate . McDonald's , apple and many companies are market leader with the help of this strategy .
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ChatGPT is now available in India at ₹399/- !! Here's Why? ⚡Pricing Strategy used- Market Penetration 🤔 What is Market Penetration? It is a strategy which is used by companies to quickly penetrate into the Price Sensitive market, by lowering the p
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Today I will be writing about the Product Development Lifecycle There are 5 stages of the Product Development Lifecyle: 1) Development 2) Introduction 3) Growth 4) Maturity 5) Decline Development: Earlier, it was considered that development only in
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