The Extent to Which an Innovation Can Be Imitated by a Competitor

question 11

Multiple Choice

The extent to which an innovation can be imitated by a competitor depends on

• A)whether the competitors' experts are as clever as our experts.
• B)whether a competitor can get a photocopy of the patent details.
• C)how ruthless the competitor is.
• D)how possible it is for the competitors' experts to comprehend, codify and replicate the technology.

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Definitions:

Accounts Receivable

Debt that customers hold towards a business for received goods or services which remain unpaid.

Cash Sales

Transactions in which the buyer pays the seller immediately with cash or other forms of immediate payment.

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.