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1 year ago

Cannibalization occurs when a producer offers a new product that takes sales away from its existing products

Business

1 answer:

MariettaO [177]1 year ago

5 0

Cannibalization occurs when a producer offers a new product that takes sales away from its existing products: TRUE

<h3>What is cannibalization?</h3>

Cannibalization in marketing strategy refers to a decrease in sales volume, sales revenue, or market share of one product when the same company releases a new one.
Cannibalization occurs when a manufacturer introduces a new product that competes with its existing items.
Market cannibalization occurs when a corporation introduces a new product that replaces one of its existing ones.
When a new product is identical to an old one and both share the same client base, market cannibalization occurs.

Therefore, the statement "cannibalization occurs when a producer offers a new product that takes sales away from its existing products" is TRUE.

Know more about cannibalization here:

brainly.com/question/5421107

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The correct question is given below:

Cannibalization occurs when a producer offers a new product that takes sales away from its existing products. TRUE or FALSE

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Answer:

$57.11

Explanation:

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Total cost of purchase = $134.80

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Total cost of purchase including tax = $142.89

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I hope my answer helps you

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3 years ago

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3 years ago

How would one establish a petty cash fund for $500?

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Identify whether each of the following transactions will take place in the factor marketLOADING... or in the product marketLOADI

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Answer:

a. George buys a Tesla Model S.

Product market. Demanded by household and supplied by the firm

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Factor market. Demanded by firm and supplied by the household

c. George works 20 hours per week at McDonald’s.

Factor market. Demanded by firm and supplied by the household

d. George sells the land he owns to McDonald’s so that it can build a new restaurant.

Factor market. Demanded by firm and supplied by the household

Explanation:

a. George buys a Tesla Model S.

The transaction took place in the product market.

The good was demanded by household

The good was supplied by the firm

b. Tesla increases employment at its Fremont plant.

The transaction took place in the factor market.

The labor was demanded by firm

The labor was supplied by the household

c. George works 20 hours per week at McDonald’s.

The transaction took place in the factor market.

The labor was demanded by firm

The labor was supplied by the household

d. George sells the land he owns to McDonald’s so that it can build a new restaurant.

The transaction took place in the factor market.

The factor of production was demanded by firm

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4 years ago

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3 years ago