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:

Cash Receipts and Disbursements

An accounting method that tracks the actual cash flow, recording revenues when received and expenses when paid.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them ownership interest.

Form 1099-DIV

A tax form issued by banks and financial institutions to investors who receive dividends and distributions from any type of investment during a calendar year.

Dividends

Payments made by a corporation to its shareholders out of its profits or reserves.