In fast-cycle markets, ________ facilitate rapid imitation.
A)the speed of innovation and technology diffusion
B)reverse engineering and the rate of technology diffusion
C)reverse engineering and competitor intelligence
D)the rate of technology diffusion and competitor intelligence

Question

Quizplus · Accepted Answer

In fast-cycle markets, reverse engineering and the rate of technology diffusion facilitate rapid imitation. Competitors can quickly reverse engineer a product and bring a similar product to market in a short amount of time due to the fast pace of technology diffusion. Additionally, competitor intelligence is important in understanding what products and features are successful in the market and can be quickly imitated to try and capture market share. However, the speed of innovation alone may not facilitate rapid imitation as it depends on how quickly competitors can successfully replicate the innovation.

In Fast-Cycle Markets, ________ Facilitate Rapid Imitation