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Corporate Cannibalism

What Does It Mean?
What Does Corporate Cannibalism Mean?
An act of self-infringement upon market share by corporations through the issuance of new products.

Also known as "market cannibalization".
Investopedia Says
Investopedia explains 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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