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Cannibalization
A business strategy where a new product eats into the sales of a company's existing products.
New Product
A new product refers to an item or service that has been recently developed and introduced to the market, offering unique benefits or improvements over existing products.
Retail Chain
A series of retail stores owned and operated by the same company, offering a uniform merchandise set to the public.
Build-To-Order
A manufacturing approach where products are only made after receiving a customer's order, allowing customization.
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