Not all companies that introduce new products or inventions gain profits from being first. Which of the following things will influence whether or not a company being first will be profitable?

Question

Quizplus · Accepted Answer

All three factors listed (strong patent, dominant industry design, and complementary marketing and distribution assets) can influence whether being the first to introduce a new product or invention will lead to profitability. A strong patent can protect the company's intellectual property rights and prevent competitors from copying the product or invention. The absence of a dominant design in the industry can allow for more innovation and differentiation, making it easier for a company to stand out with a new product or invention. Finally, having complementary assets in marketing and distribution can help a company effectively promote and distribute their new product or invention, potentially leading to greater sales and profits.

Not All Companies That Introduce New Products or Inventions Gain