Ace products is planning to launch a new product product 8


Ace Products is planning to launch a new product, "Product 8," to compete with its successful "Product 7." Currently, Ace Products sells 6,287,040 units of Product 7 per year. Ace expects to sell 3,195,460 units of Product 8 in the year of launch, but also expects that 545,085 of those units will be cannibalized from Product 7. Calculate cannibalization rate for Product 8. Report your answer as a percent. Report 25.5%, for example, as "25.5". Rounding: tenth of a percent.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Ace products is planning to launch a new product product 8
Reference No:- TGS02841509

Expected delivery within 24 Hours