Rapid Market Penetration
Definition
Rapid Market Penetration is a growth strategy aiming for a swift increase in sales and market share by aggressively promoting and distributing a product or service.
Benefits
Rapid market penetration aims to quickly grow sales and market share through aggressive promotion.
Frequently Asked Questions
What is a rapid penetration strategy? A rapid penetration strategy means quickly entering a market with aggressive tactics like low prices or heavy promotion to capture market share.
What does fast market penetration mean? Fast market penetration is quickly gaining a large market share by offering low prices or other incentives.
What is market penetration as a growth strategy? Market penetration involves boosting a company`s market share by increasing sales of its current products to existing customers.
Summary
Rapid market penetration quickly increases sales and captures market share.