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expand to three new markets within two years
What Metrics to Track?
Tracking the right metrics is essential to evaluate the success of market expansion. Key metrics include:
1.
Revenue Growth
: Monitor revenue growth in each new market to assess financial performance.
2.
Market Share
: Track market share to understand your competitive position in the new market.
3.
Customer Feedback
: Collect and analyze customer feedback to gauge satisfaction and identify areas for improvement.
4.
Operational Efficiency
: Measure operational efficiency to ensure that the expansion does not compromise overall business performance.
Frequently asked queries:
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What Metrics to Track?
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