Hello and welcome to the post❤
I hope you all are doing well just as the technologies are increasing day by day and solving human problems❤😉😉
My warm greetings to the wonderful community and to @crypto.piotr for managing the community so well❤

I couldn't make an entry in the community with a post this week due to heavy online exams and assignments, but today finally i got a chance to invest some time in writing this for the community :)

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Since today our point is related to marketing, i would love to ask you to read my previous articles related to Marketing :

I believe it would be well enough to ler you get the idea if you are a new person to this.

So what our core theme in this post is, it is to discuss what Actually market penetration is referred to as, and what does one mean by the product development.

Market Penetration:

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Market penetration is defined as the success gained by selling any product in particular market.

The total sale indicates the actual height of success for that existing product as compared to target market. For the strength of business, market penetration serves as the solution to that.

It helps to gain the knowledge of further steps that must be taken by the company so as to overcome possible threats.

Also helps to spread the word along with some strategies so as to gain more audience and to divert them from competitors providing good but relative services and products.

We will consider short examples to make sure whatever we have read and tried to understood above, we see a pratical example of that.

Examples:

1. Food industry:-

Beginning from pizza max now various pizza making restaurant are available that give the max to penetrate market through their product other than pizzas too.

Pizza Max is a Pizza serving brand in Pakistan🇵🇰

2. Clothing

From a simple lawn fabrics various competitors are now exchanging tough time to each other selling their product by bringing change in the pricing launching different sales etc

3. Furniture and house hold items:-

Starting from a simple bed to now innovative folding and multi purpose furnitures penetrates the market serving through different facilities such as the special bed to avoid bedsores.

Storing water from a mud pot into various coolers to different plastic bottles now provides the facility of air tight so as to maintain the temperature either cold or hot.

Now lets move towards the Product Development.

Product Development:

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Product means any thing that can be introduced in a market that has some usefulness

While development persues as the sense of gaining achievement of a certain product for certain group, company or an organization.

Hence The complete process of fetching the product from particular idea or frame till its introduction in the market is known as Product Development.we shall also consider examples for product development to complete our understanding.

Example :-

1 Personal Computers:

PCs Industry was way back to 1830s through invention of digital computer.
And now the Dell corporation can be stated as just by saying product development by introducing laptops handy palm tops to cell phones etc

2. Libraries:

The innovation of trending heavily furnished libraries into e-library making it easy for readers to have every book available on internet.

3. Planes:

For making it convenient war the passenger planes are now innovated as the planes ready to fight with only few persons such as pilot and one for his help attacking on enemies through fighter planes.

Here i would like to end my post.

I assure that this post is plagiarism free and an original content.

I request you all to visit the @Project.Hope Community.

Hope to see you all in the comment section describing your views ❤❤
With Love from @haidermehdi.