Gigantic Corporation Follows a Strategy of Waiting for Rivals to Innovate

question 61

Multiple Choice

Gigantic Corporation follows a strategy of waiting for rivals to innovate, then quickly imitating any successful innovations. This behavior is known as

• A) collusion.
• B) an entrepreneurial strategy.
• C) a fast-second strategy.
• D) pricing the demand curve.

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Definitions:

Glacier

A large, slow-moving mass of ice, formed from compacted snow and slowly flows over land.

Ice

Frozen water, existing in various forms in nature, including snow, glacial ice, and sea ice, playing a critical role in Earth's climate system.

Dense

Having a high degree of compactness or mass per unit volume.

U-Shaped Valley

A U-shaped valley is a type of valley characterized by its U-shaped cross-section, typically formed by the erosion caused by glaciers.