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Explain What Is Meant by Market Penetration,market Development and Product

question 62

Essay

Explain what is meant by market penetration,market development and product development strategies.Explain how a company such as Apple could engage in each of these strategies.


Definitions:

Samuel Gompers

A prominent labor union leader who founded the American Federation of Labor (AFL) and was instrumental in advocating for workers' rights.

AFL

The American Federation of Labor, a national federation of labor unions in the United States, formed in 1886 to advocate for improved job conditions and rights for workers.

Individual Liberty

The concept emphasizing the freedom of individuals from excessive government control or restrictive societal norms, prioritizing personal choices and rights.

Yellow Dog Contract

An employment agreement where the worker agrees not to join a union as a condition of employment, now illegal in many countries.

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