Whenever a new product competes against a company's already existing products and reduces the sales of those products,________ occur.

Name: Whenever a new product competes against a company's already existing products and reduces the sales of those products,________ occur.
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Question

Quizplus · Accepted Answer

Erosion costs occur when a new product reduces the sales of already existing products. These costs can include decreased revenue, reduced profits, and the need to lower prices to remain competitive.

Whenever a New Product Competes Against a Company's Already Existing