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Dennis_Churaev [7]
3 years ago
5

A company introduced the Funday film to compete with lower-priced brands, but it found many of its regular customers bought Fund

ay instead of its usual, higher-priced film. The company experienced ________.
Business
1 answer:
lana [24]3 years ago
8 0

Answer:

cannibalization

Explanation:

Based on the information provided within the question it can be said that in this scenario the company is experiencing cannibalization. In the context of business strategies, this term refers to when a company experiences loss in sales revenue, volume, or even market share caused by introducing a new product by the same producer into the market. Which is what happened in this scenario as the company introduced Funday Film.

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If I recall it may be called Revenue.

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If this is not the answer you were looking for, please don't hesitate to comment below so I can get back to you as soon as I can. Have a nice Day/Night! :)

Also, it will be greatly appreciated if you can take out your time and bless me with the brainliest button! :)

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