An innovator's ability to derive profit from an innovation depends primarily upon:
A)Factors that prevent would-be competitors from imitating the innovation
B)The strength of the patents that protect the innovation
C)The innovator's ability to manufacture and market the innovation
D)The innovator's financial resources.

Question

Quizplus · Accepted Answer

Factors that prevent competitors from imitating the innovation are crucial for an innovator to derive profit. This could include brand loyalty, economies of scale, exclusive access to distribution or technology, or regulatory hurdles that competitors cannot easily replicate. The other options listed may also be important, but they are secondary to the ability to prevent or slow down imitation.

An Innovator's Ability to Derive Profit from an Innovation Depends