Which of the following is true of imitation?
A) It does not involve patterning a business on existing firms.
B) It does not match the precision or completeness of copying seen in franchising.
C) It involves the creation of new products or services which have no competitors.
D) It results in the creation of previously unseen products or services.

Question

Quizplus · Accepted Answer

Imitation involves copying or emulating existing products or services, but it does not necessarily match the precision or completeness of copying seen in franchising. Option A is incorrect because patterning a business on existing firms is a form of imitation. Option C is incorrect because creating new products or services that have no competitors is innovation, not imitation. Option D is incorrect because imitation does not result in the creation of previously unseen products or services, but rather in the replication of existing ones.

Which of the Following Is True of Imitation