A Firm Can Pre-Empt Imitation by

question 43

Multiple Choice

A firm can pre-empt imitation by

• A)vigorous legal action.
• B)threatening to imitate its imitators.
• C)introducing new products to fill each niche, investing in capacity ahead of market growth and filing many patents.
• D)none of these: imitators should be welcomed.

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Definitions:

Acoustic Coding

A process by which information is represented and remembered in the form of sound, important in verbal memory.

Long-term Memory

A type of memory capable of storing large amounts of information for long periods of time, sometimes indefinitely.

Simonides

Simonides was an ancient Greek lyric poet, credited with significant contributions to the mnemonics field, particularly the method of loci, an effective memory enhancement technique.

Method Of Loci

A mnemonic technique that involves associating items to be remembered with physical locations.