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ra1l [238]
1 year ago
8

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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Corporation

Explanation:

According to my research on the different types of businesses, I can say that based on the information provided within the question Candy Emporium is considered to be a Corporation. This is because a Corporation is defined as a legal entity in which all assets and liabilities are separate and distinct from the people or person who founded the business. Which is why they are sometimes known as a "legal person" since they have all the rights and responsibilities as if they were an individual person. Since the description in the question is on par with the definition of a Corporation then we can say that this is what Candy Emporium is.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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Cho has opened a new startup company in web design. within the first month of business, the startup agrees to maintain an accoun
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The question is not complete, last part of the question is missing which I write below;


Which of the following principles of economic interaction best describes this scenario?


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The three principles concerning economic interactions are:

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This model is expressed in the formula below;

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