Explain Cannibalisation

question 27

Essay

Explain cannibalisation.How does a line extension strategy increase the risk of cannibalisation?

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Definitions:

State

A political entity that possesses sovereignty over a geographic area and the people within it, with a structured system of governance.

U.S. Tax System

A structured framework by which the federal, state, and local governments in the United States collect taxes from individuals and businesses based on income, sales, property, and other financial activities.

Primary Federal Tax System

The principal tax collection mechanism of the federal government, including income, payroll, and corporate taxes.

Primary State

The initial or foundational level of government authority in a country, often responsible for key areas such as law enforcement and taxation.