Corporate Cannibalism

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What is 'Corporate Cannibalism'

Corporate cannibalism is an act of self-infringement upon market share by corporations through the issuance of new products.

Also known as "market cannibalization."

BREAKING DOWN 'Corporate Cannibalism'

Corporate cannibalism occurs when companies introduce new products into a market where these products are already established. In effect, the new products are competing against their own incumbent products.

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