Products That Are Designed to Be Similar to and Compete

question 181

Multiple Choice

Products that are designed to be similar to and compete with existing products of other firms are called

• A) innovations.
• B) generics.
• C) imitations.
• D) house brands.
• E) adaptations.

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Definitions:

Coconuts

Edible tropical fruits provided by the coconut palm that are used in a variety of foods and beverages.

Fish

Aquatic animals with gills and usually scales, living in freshwater or saltwater environments, commonly used as food.

Opportunity Cost

In decision-making, the loss incurred by not opting for the immediate next best alternative.

Speed-Reading Course

A speed-reading course is a program designed to teach techniques that increase the speed at which an individual reads without significantly compromising comprehension or retention.