An Innovator's Ability to Derive Profit from an Innovation Depends

question 60

Multiple Choice

An innovator's ability to derive profit from an innovation depends primarily upon:

• A)Factors that prevent would-be competitors from imitating the innovation
• B)The strength of the patents that protect the innovation
• C)The innovator's ability to manufacture and market the innovation
• D)The innovator's financial resources.

---

Definitions:

CPSC

The Consumer Product Safety Commission (CPSC) is a U.S. government agency responsible for protecting the public from unreasonable risks of injury or death associated with consumer products.

Consumer Financial Protection Bureau

A U.S. government agency tasked with ensuring that consumers are treated fairly by banks, lenders, and other financial companies.

Extending Credit

The practice of allowing a borrower to use resources now and pay for them later, under agreed terms.

Automobile Dealers

Businesses specializing in the sale of new or used cars and possibly offering maintenance services and spare parts.