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If a terminated employee calls a former co-worker at work, which of the following responses should the former co-worker take?
Costs Of Overpricing
Consequences of setting a sale price too high, leading to reduced sales volume, customer dissatisfaction, and competitive disadvantages.
Demand
The level of demand for goods or services that individuals are eager and able to fulfill at various pricing tiers throughout a specific duration.
Inter-product Cannibalization
Occurs when a company's new product eats into the sales of one of its older products, potentially reducing overall sales and profits.
Substitute Product
A product that can be used in place of another product, satisfying the same consumer needs or wants.
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