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Clone of Simple New Product Sales

Simple model for new product sales that contemplates the effect of success and competition.
Sales initially grow as the new product moves from introduction into growth.  Sales success attracts competitors who introduce their own products which reduces sales growth of the new product.
Eventually the total number of products that the market can bear are sold which stops further sales.
More advanced models could contemplate how competition affects price, how new successful products from competitors take market share, etc.

Simple Product Sale

  • 3 months 3 weeks ago