What is the term used to describe products that are designed to be similar to and compete with existing products of other firms?
A) innovations
B) generics
C) imitations
D) adaptations

Question

Quizplus · Accepted Answer

Imitations are products that are designed to be similar to and compete with existing products of other firms. Generics are products that are not branded and are identical or very similar to the original branded product. Innovations refer to new products that are completely new or significantly different from existing products. Adaptations refer to making modifications to an existing product to better fit a specific market or customer.

What Is the Term Used to Describe Products That Are