A Firm That Innovates Through Imitation Can Expect to Produce

question 62

True/False

A firm that innovates through imitation can expect to produce a product for a niche market, since the general market for the standardized product will be dominated by early adopters.

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Definitions:

Conditioned Taste Aversions

A learned aversion to a specific food or drink because it has been associated with an unpleasant or sickening experience.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, emphasizing the effect of consequences on future behavior.

Albert Bandura

A prominent psychologist best known for his social learning theory and the concept of self-efficacy.

Acquisition

Acquisition refers to the process of gaining knowledge, skills, or qualities through experience, practice, or the receiving of information.