Innovation by Imitation Usually Leads to _________ and Products Based

question 3

Multiple Choice

Innovation by imitation usually leads to _________ and products based on imitation are usually offered at ________.

• A) product or process standardization; lower prices
• B) product or process dedifferentiation; higher prices
• C) product or process standardization; higher prices
• D) product or process dedifferentiation; lower prices

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Definitions:

Special Events

Unique or notable occasions designed and organized to achieve a specific purpose.

Marketing Mix

A framework that outlines the four key components of marketing strategies: Product, Price, Place, and Promotion.

Element

A fundamental component or aspect of something.

Golden Triangle

A geographical area known for a particular activity or trade, often illicit, such as the opium trade region bordering Thailand, Laos, and Myanmar; also refers to prime real estate zones in urban settings.