Imitation plus one degree of similarity results in:
A) patterning a business on existing firms.
B) creating previously unseen products or services.
C) creating products or services that have no competitors.
D) characterizing a business based on the returns it offers.

Question

Quizplus · Accepted Answer

Imitation involves copying existing firms or their products/services. Adding one degree of similarity means making a small variation or improvement to the existing products/services. This can result in patterning a new business on existing firms in the same industry, but with some unique features or advantages. It does not necessarily mean creating entirely new products or services that have no competitors.

Imitation Plus One Degree of Similarity Results In