Which of the following are examples of erosion? I. the loss of sales due to incr

Question

Which of the following are examples of erosion? I. the loss of sales due to increased competition in the product market II. the loss of sales because your chief competitor just opened a store across the street from your store III. the loss of sales due to a new product which you recently introduced IV. the loss of sales due to a new product recently introduced by your competitor Select one: 1. the loss of sales due to increased competition in the product market 2. III only 3. III and IV only 4. I, III and IV only 5. II and IV only 6. I, II, III, and IV

Explanation / Answer

Erosion is the “loss of current sales due to the new project implementation”.

Therefore, the following one is suitable for the best example of “Erosion”.

III. The loss of sales due to a new product which you recently introduced.

Hence, the correct answer is option (2) III only

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