Examlex
What are the disadvantages of an ammeter?
Cannibalization
A situation where a company's new product eats into the sales of one of its existing products.
Brand Equity
The value derived from consumer perception of a brand name as opposed to generic or store-branded products.
Product Extension
A marketing strategy in which an existing product is introduced to a new market or modified for a new segment, expanding its reach or functionality.
Brand Recognition
The extent to which consumers can identify a brand by its attributes, symbol, or design, without seeing the brand name.
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