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neonofarm [45]
3 years ago
10

A company known for its high-quality watches and clocks introduces a line of well-designed pocket watches to increase its market

share. The pocket watch style catches on in the fashion world, and in a short time the company’s pocket watch sales climb quickly. At the same time, the sales of its wrist watch line decline. The pocket watch line is having what marketing effect on the company’s wrist watches?
Business
1 answer:
timama [110]3 years ago
8 0

Answer: Market Cannibalization

Explanation: The pocket watch line is having the market cannibalization which is also known as the corporate cannibalism effect on the company's wrist watches.

Market Cannibalization refers to a reduction in sales of a particular old product which is usually as a result of a company's introduction of a new product.

The introduction of the new product displaces the older products mostly because both products have thesame customer base and also perform similar functions.

It is essential to note that despite the increase in sales of the new product, the company's market share experiences no increase but a decrease which is due to the sales loss of the older product.

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what is the true difference between consultative leadership and participative leadership in decisiion making?
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Consultative leadership fashion is set growing the capacity to persuade people in place of enforcing their authority on them, enticing the subordinates or employees efficiently in the decision making. Such leaders ask humans for their minds & permit them to technique the problem and locate a nice feasible solution. The consultative chief uses the talents, thoughts, and enjoyment of others, however, the final choice is made by using a leader. Such a leader has interacted with his time or more important tasks, gives proper popularity, and evaluates all the alternatives before making the very last choice.

The participative leader entails himself because a member of the group & makes choices alongside the group. Such a leader seeks consensus and all and sundry have to take possession within the final decision. In a participative management fashion team participants and leaders, thoughts are taken into consideration as identical, and the body's input is considered. right here leader is a facilitator, educates, and frequently embraces crew thoughts over their very own, creating a tradition of innovation and focusing on promoting creativity.

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5 0
2 years ago
Which term is best defined as a deposit to the seller that shows the intention of completing the transaction? Select one of the
Nady [450]
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Tomtit [17]

Answer:furniture manufacturer: wood→sanding→chair---C

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