In Innovation Through Duplication, a Product Is Simply Copied

question 70

True/False

In innovation through duplication, a product is simply copied.

---

Definitions:

Reverse Engineering

The process of analyzing a product's system, components, and functionalities to duplicate or enhance the product without direct access to its original design information.

Shrinkwrap Licenses

Legal agreements included within the packaging of software products, which become binding once the packaging is opened.

Consumer Warranties

Legal guarantees provided to consumers that a product will meet certain quality and reliability standards, and that defective items will be repaired or replaced.

Option Contract

A contract granting the holder the right, but not the obligation, to buy or sell an asset at a specified price on or before a specified date.