An imitation business that competes locally with others in the same industry is called
A)pure innovation.
B)entry wedge.
C)parallel competition.
D)incremental innovation.

Question

Quizplus · Accepted Answer

Parallel competition refers to businesses that largely imitate each other and compete locally in the same industry. Pure innovation involves developing entirely new products or services, entry wedge refers to a new business entering a market, and incremental innovation involves making small improvements to existing products or services.

An Imitation Business That Competes Locally with Others in the Same