When Prisly Inc. introduced a liquid detergent in the market, it noticed that the sales of its detergent powder significantly declined. Prisly Inc.'s loyal customers who previously purchased detergent powder switched to liquid detergent
As a result, Prisly Inc. was forced to reduce production of its detergent powder. This scenario exemplifies__________.
Fill in the blanks with correct word.
ANSWER: cannibalization
The sales of Prisly Inc.'s detergent powder significantly declined after the introduction of liquid detergent in the market. This exemplifies cannibalization. Cannibalization occurs when sales of a new product cut into sales of a firm's existing products.
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Which of the following statements is a reason why U.S. retailers avoid opening stores in the inner city?
A. The retailers keep away from the inner city because of stringent government regulations. B. The retailers keep away from the inner city because of the lack of competent human resources. C. The retailers keep away from the inner city because of complications in the supply chain. D. The retailers think these stores are riskier and produce lower returns than other areas. E. The retailers keep away from the inner city because of the rising cost of real estate.
The primary advantage of establishing cost pools is reducing the number of individual cost allocations that are made.
Answer the following statement true (T) or false (F)
On-campus interviews ________
A) are always conducted by the same recruiters who represent companies at career fairs B) are never conducted by actual hiring managers from companies C) rarely use the traditional one-on-one format D) are generally of a duration of 10 minutes or less E) may only be available for students who are registered with the school career center
The following questions must be answered when setting credit terms: How long should the firm extend credit? What type of cash discount should the firm offer to encourage early payments?
Answer the following statement true (T) or false (F)