Erosion will reduce the sales of the existing products.
In business, erosion refers to the process of steady, long-term declines in overall sales numbers. This erosion can happen when someone else undercutting your prices on similar products. Erosion is any negative impact that is directed towards an organization's profits, sales, or assets.
Any negative impact on a company’s associated assets or funds can include Erosion, as it reduces the sales of existing products. It is seen that this erosion is experienced with regard to sales, profits, or tangible assets, such as manufacturing equipment.
Hence, so the erosion is considered as a general risk factor.
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