Backward Invention Occurs When a Firm ________

question 89

Multiple Choice

Backward invention occurs when a firm ________.

• A) creates a new product to meet a need in another country
• B) reintroduces earlier product forms adapted to suit another country's needs
• C) invents products that are similar to competing offerings
• D) takes an existing product into a new market
• E) produces its own raw materials

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Definitions:

Sociable

Characterized by a willingness to engage in social interactions or enjoyment in being in social settings.

Rationalization

A defense mechanism where controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.

Miserliness

An excessive desire to save money or spend as little as possible; extreme parsimony or stinginess.

Rationalization

A coping technique where disputable actions or emotions are rationalized in an apparently logical way to evade the actual reason behind them.