Innovative products are unique and original, offering new features or technologies not seen before. Imitative products, on the other hand, replicate existing products with little to no differentiation, often aiming to capitalize on the success of others. Innovative products typically drive market evolution, while imitative products may struggle to stand out in a crowded market.
difference btw innovation and creativity
Functional products are staples that people buy in a wide range of retail outlets. Typically, they do not change much over time, have low profit margins, stable predictable demand and long life cycles. Innovative products, on the other hand, give customers additional reasons to buy. Fashionable clothes and personal computers are examples of innovative products. Innovative products have short life cycles, high profit margins, and volatile demand.
In monopolistic competition, sellers can profit from the differences between their products and other products.
Advertising.
the difference between the two products is the side effects that you may experience.
Every brand of computer uses different manufacturers, which translates into differences between the technologies being used to make the computers, differences in the raw materials being used, and differences in the choices made for the computers, such as what types of components to use at all. Because of all these differences, each computer company has real differences between its' products and those of other companies.
An imitative entrepreneur adopts the methods and technologies of the inoovative entrepreneurs.These are mostly found in developing countries.. On the other hand,drone entrepreneurs believe in traditional methods of production and are less likely to adopt new technologies.
Within-group differences refer to variations that exist among individuals or data points within the same group or category. This can include differences in characteristics, behaviors, or outcomes within the group. Between-group differences refer to variations that exist between different groups or categories. This can include differences in averages, distributions, or patterns observed when comparing multiple groups.
Genetic differences
Tritton offers audio products. Particularly specializing in the production and sale of gaming headphones, for gaming enthusiasts. One of their latest innovative products ncludes the MAD CATZ which is a completely wireless headset and mic for xbox-360. It is valued between $300Us-$400US. But can be bought for $317.00US of their main website.
What are the differences between polycarbohydrate and polysaccharide?
differences between now and then 1905s