Even Where Imitation Is Possible,a Firm May Gain Advantage from Being

question 12

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 these.

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Definitions:

Written Channels

Communication methods that involve written forms of messages, including emails, letters, reports, and social media posts.

Spoken Channels

Communication methods that involve verbal interactions, such as face-to-face conversations or telephone calls.

Information Filters

Information filters are mechanisms or processes that screen, select, and allow certain information to pass through while blocking or reducing other information, affecting communication and decision-making.

Non-verbal Communications

The process of conveying a message without the use of spoken language, through body language, facial expressions, and gestures.