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Hitman42 [59]
3 years ago
7

Which growth strategy is designed to increase sales of existing products to current customers, non-users, and users of competiti

ve brands in served markets would utilize which of the following marketing​ strategies?
A. Control.
B. Market penetration.
C. Market development.
D. Diversification.
E. Product development.
Business
1 answer:
s2008m [1.1K]3 years ago
7 0

Answer:

market penetration:

Explanation:

Market penetration refers to the approach of selling the service and product in the market that is specified for a particular product.

it is calculated by determining the total amount of product sales in the market compared to goal of selling products in the market.

it involves all process that is needed to promote or to grow the market percentage in a particular business.

it is calculated as

market penetration= \frac{market\ covered}{target\ market} \times 100

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Answer:

360 degree assessment.

Explanation:

360 degree assessment. -  it is that type of assessment which include feedback from the higher official on the basis of their skills, innovation etc as a positioned of leader or manager etc.

The main purpose of this assessment is to assess the strong point and weak point of any leader on different level. it is essential for any organisation to evaluate the strong point of their employee on different level so that their strength can be use for the betterment of organisation.

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CLV =  [(GC * r) / (1 + i - r)] - AC]

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