Gigantic Corporation follows a strategy of waiting for rivals to innovate, then quickly imitating any successful innovations. This behavior is known as
A) collusion.
B) an entrepreneurial strategy.
C) a fast-second strategy.
D) pricing the demand curve.

Question

Quizplus · Accepted Answer

Gigantic Corporation is following a fast-second strategy where they imitate their rivals' successful innovations quickly. They are not colluding with their rivals or following an entrepreneurial strategy. Pricing the demand curve is a pricing strategy and not related to imitating innovations.

Gigantic Corporation Follows a Strategy of Waiting for Rivals to Innovate