When innovations by one firm are quickly emulated and improved on by rival firms in the same industry or in other industries,it is:
A)industrial espionage.
B)illegal under most patents.
C)technology spillover.
D)technology takeover.

Question

Quizplus · Accepted Answer

This phenomenon is known as technology spillover, where the innovation and knowledge gained by one firm is shared with other firms in the industry, leading to rapid diffusion and implementation of the innovation. It is not illegal under most patents, as patents only protect specific inventions and not general knowledge or ideas. Industrial espionage refers to illegal activities aimed at obtaining trade secrets or confidential information from other firms, which is not the case here. Technology takeover is not a commonly used term in this context.

When Innovations by One Firm Are Quickly Emulated and Improved