Meaning of the word "market penetration" in English
What does "market penetration" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
market penetration
US /ˈmɑːr.kɪt ˌpɛn.ɪˈtreɪ.ʃən/
UK /ˈmɑː.kɪt ˌpen.ɪˈtreɪ.ʃən/
Noun
the extent to which a product or service is recognized and bought by customers in a particular market
Example:
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The company aims to increase its market penetration in Asia.
•
Achieving high market penetration is crucial for new products.
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