A Knockoff Is a

question 116

Multiple Choice

A knockoff is a .

• A)new product that is so radically different from anything on the market that it has difficulty moving out of the introduction stage of its product life cycle
• B)new product that copies,with slight modifications,the design of an original product
• C)company that uses it's advertising to show how superior it is to its competitors
• D)product that is unbranded
• E)company that uses a me- too strategy for its promotion

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Definitions:

Political Risk

The risk of loss due to political instability or changes in government policy that can affect investments and business operations.

Governmental Actions

Decisions or interventions by government agencies that can affect the economy, businesses, and various segments of society.