Market planning

Market planning,

Definition of Market planning:

  1. The process of analyzing one or more potentially interesting marketplaces in order to determine how a business can optimally compete in them. The market planning process typically results in a marketing strategy that can be used to enhance sales for the business producing it.

How to use Market planning in a sentence?

  1. Most car service mobile applications such as Uber and Lyft conduct extensive market planning of demographics, costs, and regulations when deciding where to best target their expansion efforts.
  2. We went through a lot of market planning and we really thought we were ready to take that next step.
  3. Felix wanted to do some in-depth market planning to see how his goods would sell in both the U.S. and Canada if no tweaks were made to the production.

Meaning of Market planning & Market planning Definition