There Are Risks Associated with the Bottom of the Pyramid

question 126

True/False

There are risks associated with the Bottom of the Pyramid strategy. One of them is that the new low-cost products that are developed may cannibalize the sales of the core products of the company using the strategy.

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Definitions:

Net New Jobs

The total number of jobs created in an economy, subtracting the number of jobs lost from the number of jobs gained over a specific period.

Technical Knowledge

Refers to the specific skills, understanding, and expertise required for tasks related to technology, engineering, or other specialized fields.

Product Innovation

The development and introduction of new or significantly improved goods or services.

Entrepreneur

An individual who starts and manages a business venture, taking on financial risks in the hope of profit.