When a New Product or a New Retail Chain Steals

question 34

Multiple Choice

When a new product or a new retail chain steals customers and sales from older existing ones of an organization,this is referred to as

• A)cannibalization.
• B)amortization.
• C)product appropriation.
• D)product pilfering.
• E)marketing Darwinism.

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Definitions:

Bottom-line Financial Performance

A measure of a company's financial health, often determined by net income, which reflects the final profit or loss after all expenses are accounted for.

Contract Workers

Individuals hired to perform specific tasks or services under a formal agreement but are not considered permanent employees.

Hiring Costs

The expenses associated with recruiting, interviewing, and onboarding new employees into an organization.

Environmental Conditions

The various physical and biological factors that affect an organism's living and working surroundings.