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- A foothold in business refers to a situation in which someone has obtained the power or influence needed to get what is wanted1. It is a part of a market that a company obtains, hoping to obtain more of the same market or part of another larger market that is related to it2. For example, in buying a business, a company gains a major foothold in a market it considers critical to the future of the industry1.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.a situation in which someone has obtained the power or influence needed to get what is wanted: In buying their business, the company gains a major foothold in a market it considers critical to the future of the industry.dictionary.cambridge.org/dictionary/english/footholdFrom Longman Business Dictionary foot‧hold /ˈfʊthəʊld-hoʊld/ noun [ countable usually singular] part of a market that a company obtains, hoping to obtain more of the same market or part of another larger market that is related to itSYNBEACHHEAD Several U.S. companies have teamed up with Mexican retailers to get a foothold in the huge Mexican market.www.ldoceonline.com/dictionary/foothold
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