In an imitative strategy,an entrepreneur:
A) creates a new product or service which has no competitors.
B) considers prospective customers before creating a product or service.
C) seeks to do something that is very different from what others are doing.
D) does more or less what others are already doing.

Question

Quizplus · Accepted Answer

In an imitative strategy, the entrepreneur does what others are already doing, meaning they imitate the existing products or services in the market. This approach minimizes the risk involved in introducing a completely new product or service, as there is already a proven demand for the existing products or services in the market.

In an Imitative Strategy,an Entrepreneur