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Shrinkflation is a strategy that involves reducing the amount or quality of the product or service delivered but keeping prices the same. For instance, shrinking
Shrinkflation is a strategy that involves reducing the amount or quality of the product or service delivered but keeping prices the same. For instance, shrinking Getorade bottles is one example of shrinkflation. While shrinkflation is common among consumer products companies, service companies also use the strategy. Describe the example of shrinkflation for service companies and discuss its risk.
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