What Is Product Cannibalization

question 238

Multiple Choice

What is product cannibalization?

• A) the expected outcome from the implementation of market penetration
• B) the erosion of a competitor's market share
• C) the erosion of an equity brand due to the brand strategy of a competitor
• D) the erosion of sales due to other products in the same product line

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Definitions:

Credit Sale

A sales transaction in which the amount due is not paid at the time of sale but is promised to be paid in the future by the purchaser.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.

Accrued Interest

The interest that has been earned but not yet paid, accumulating on loans, bonds, or any other financial instruments over a period of time.

Notes Receivable

Financial assets representing amounts owed to a company by debtors, typically evidenced by formal instruments with specified payment terms.