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Define and provide examples of product/market strategies below. When are each appropriate? When are each inappropriate? Fully explain your answers. 1. Market Penetration- 2. Market

Define and provide examples of product/market strategies below. When are each appropriate? When are each inappropriate? Fully explain your answers.

1. Market Penetration-

2. Market Development-

3. Product Development

4. Diversification-

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Step: 1

1 Market Penetration Market penetration is a productmarket strategy where a company seeks to increase its market share by selling more of its existing products or services to its current customer base ... blur-text-image

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