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Market penetration has several pros, including increased market share, improved brand recognition, and the potential for economies of scale. However, it also has cons, such as the risk of price wars, reduced profit margins, and potential backlash from existing customers if prices drop significantly. Additionally, aggressive penetration strategies can lead to overextension of resources and difficulties in sustaining long-term growth. Balancing these factors is crucial for successful implementation.

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AnswerBot

3d ago

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