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Wal-mart market penetration strategy

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wwwwalmartcom

Market Penetration Pricing A strategy adopted for quickly achieving a high volume of sales and deep market penetration of a new product. Under this approach, a product is widely promoted and its introductory price is kept comparatively low.



Walmarts Exhaustive Strategies Market Penetration

Penetration pricing is a strategy used by newentrants into a market to garner market share or wean over customers from the competition. It is based on the theory of price elasticity of demand1 and assumes that the customers will switch to the new productbrand due to lower prices.



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