A Firm That Acquires a Substitute Product Can Try and Reduce

question 29

Multiple Choice

A firm that acquires a substitute product can try and reduce inter-product cannibalization by

• A)Doing nothing
• B)Repositioning its product or the substitute so that they do not directly compete with each other
• C)Pricing each product at the same level
• D)Raising prices on the low-margin products

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Definitions:

Canada

A country in the northern part of North America, known for its vast landscapes, multicultural population, and bilingual (English and French) heritage.

1901

The year 1901 marks the beginning of the 20th century and is notable for various significant global events and innovations.

Laval

A city in the Canadian province of Quebec, located on Île Jésus across from Montreal, known for its educational institutions and cultural diversity.

Edge City

A relatively new, sprawling urban area situated on the outskirts of a larger city, characterized by extensive office and retail space.