Market development

Market development,

Definition of Market development:

  1. The expansion of the total market for a product or company by (1) entering new segments of the market, (2) converting nonusers into users, and/or (3) increasing usage per user.

How to use Market development in a sentence?

  1. Our market development team was the best around and really pout the customer first in their thinking and planning ideas.
  2. You should always have a strong market development team on your side to get the most out of your product.
  3. The market development in the developing country was increasing at an accelerating rate which meant that this expansion could be beneficial to us.

Meaning of Market development & Market development Definition