Amos does not want to find new customers or create new products. instead, he is opening more stores and improving the marketing mix--more intriguing advertising, better pricing, better reward program, better in-store service, better store ambience, etc. what strategy is he using

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Business

Potts

16 December, 07:55

Amos does not want to find new customers or create new products. instead, he is opening more stores and improving the marketing mix--more intriguing advertising, better pricing, better reward program, better in-store service, better store ambience, etc. what strategy is he using

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Isiah Werner · Answer 1

This is known as market penetration - instead of expanding his market to new customers or products he is doing a deeper development of the customers he already has to increase loyalty and sales.