The Spread of Innovation Through Imitation Refers to

question 226

Multiple Choice

The spread of innovation through imitation refers to

• A)invention.
• B)diffusion.
• C)duplication.
• D)diversification.

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of accounts receivable, inventories, and meeting short-term liabilities.

Bank Loan

A sum of money lent by a bank to a borrower at an interest rate, which is to be repaid with interest according to the terms of the loan agreement.

Interest Rate

The percent of principal charged by the lender for the use of its money.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in lending.