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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:

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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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