Definition of Market development:
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?
- Our market development team was the best around and really pout the customer first in their thinking and planning ideas.
- You should always have a strong market development team on your side to get the most out of your product.
- 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