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Sagot :
A business firm has experienced the double dangers of rising expenditures and the cannibalization of their current products by the introduction of new types of products in the market.
What is market cannibalization?
Market cannibalization is the process where the new products get replaced by the older ones leading to a fall in the sales of an entity.
When a business entity introduces new and innovative goods in the market then there would be some negative situations like the replacement of their current products with the newer ones, the incurrence of charges may be higher but it can lead to attracting more customers which could be an advantage for the business growth.
Therefore, there could be positive and negative outcomes of introducing some newer products in the market.
Learn more about the market cannibalization in the related link:
https://brainly.com/question/21497952
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