Imitation of other products increases the risk of downside loss associated with new entry.

Name: Imitation of other products increases the risk of downside loss associated with new entry.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

Imitation of other products can actually reduce the risk associated with new entry by following a path that has already been somewhat validated by the market, thereby potentially lowering the uncertainty and investment needed to innovate from scratch.

Imitation of Other Products Increases the Risk of Downside Loss