if your company increases its market penetration, what is happening? a. the target market is growing. b…

if your company increases its market penetration, what is happening? a. the target market is growing. b. more people in the target market are buying the companys product. c. the market saturation of the target market has decreased. d. competitors who offer similar products are entering the market. please select the best answer from the choices provided

if your company increases its market penetration, what is happening? a. the target market is growing. b. more people in the target market are buying the companys product. c. the market saturation of the target market has decreased. d. competitors who offer similar products are entering the market. please select the best answer from the choices provided

Answer

Brief Explanations:

Market penetration refers to the proportion of the target market that is buying a company's product. When it increases, it means more people in the target market are purchasing the product. A growing target market is not the same as increased market - penetration. Decreased market saturation is not the direct meaning of increased penetration. Competitors entering the market is not related to a company's own market - penetration increase.

Answer:

B. More people in the target market are buying the company's product.