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.
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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
Answer:
High
Explanation:
because the change of volume profit is always increase.
Answer:
Which of the following would be included in the expenditure method of calculating GDP? Check all that apply.
The total contribution to GDP, measured by the expenditure method, is
Explanation:
The expenditure approach always incorporates the final consumption of a product or service. In this case, the only addition to the GDP will be Ralph spending $1,200 on his new lawn.
On the other hand, the cost income approach adds production stages, but the result is the same:
Stage of Sales value Cost of intermediate Resource <u>production </u> <u> </u> <u>goods </u> <u> cost-income</u>
Green Center $200 $0 $200-$0=$200 Nursery
Al's Lawn Care $850 $200 $850-$200=$650
The Home $1,200 $850 $1,200-$850=$350 <u>station </u>
total $1,200
The time period during which production processes increase volume in order to meet customer demands while coping with quality problems and last-minute design changes is called ramp-up.
Production is the technique of making or producing goods and products from uncooked substances or components. In different phrases, production takes inputs and uses them to create an output that is in shape for consumption – a good or product that has a fee to a cease-person or purchaser.
Production is the procedure of making, harvesting, or growing something or the quantity of something that becomes made or harvested. An instance of manufacturing is the creation of furniture. An instance of manufacturing is harvesting corn to devour. An instance of manufacturing is the amount of corn produced.
Manufacturing is one of the maximum critical tactics inside production and is a core part of what it means to be a manufacturer. Without this hobby, no finished items might be created, and there might be nothing to promote to clients.
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