Even Where Imitation Is Possible, a Firm May Gain Advantage

question 173

Multiple Choice

Even where imitation is possible, a firm may gain advantage from being the first to introduce an innovative product because of

• A) long-lasting brand-name recognition.
• B) a time lag between innovation and imitation by rivals.
• C) trade secrets that limit the ability of rivals to exactly imitate the product.
• D) all of the other answers are correct.

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Definitions:

Stepfamily

A family unit composed of a married couple where at least one person has a child or children from a previous relationship.

Social Capital Models

Concern theories and frameworks that analyze the benefits derived from social networks, trust, and norms in a community.

Family Stress Theories

Theories that explore how families respond to and are affected by stress, focusing on adaptation and coping mechanisms.

Stepfamily

A family formed after remarriage, including a biological parent, a stepparent, and the children of one or both parents.