Explain market penetration %?

Question

Explain the formula for determining market penetration %

Answer 1

Well ,

Market Penetration Means That You are launching a new product Or service & You have many competitors In this field... So You try To penrate The market Through Execessive Advertising  In order To Attract New Customers...

In fact Market Penetration can Be done Through Letting customers try Your new products If the competition is really hard...

For example Giving them free samples on stores...

Reducing Costs.....

Doing survery , give customers The product to try & Ask for their opinion ....

I hope U get me wellllllllll....

Answer 2

when everyone in the chain of a product can no longer make 10% profit for just handling it, the penetration % has been surpassed.