Imitative products are products that are new to a company but were already established in the marketplace.
Example: Sony invented the walkman, but many companies imitated it.
major strategies used for pricing imitative and new products depends on two factors i.e. price and quantity The strategies are: Premium Strategy= when price charged is high and Quantity supplied is also high Good Value Strategy= when price is low and quantity is high Overcharging strategy= when price is high and quantity is low eg: Maruti Versa Economy strategy= When both price and quantity are low major strategies used for pricing imitative and new products depends on two factors i.e. price and quantity The strategies are: Premium Strategy= when price charged is high and Quantity supplied is also high Good Value Strategy= when price is low and quantity is high Overcharging strategy= when price is high and quantity is low eg: Maruti Versa Economy strategy= When both price and quantity are low
Characteristics of a product are products are tangible,products can see,
convenience products, shopping products, specialty products, unsought products, industrial products, materials and parts, capital items, supplies and services
It can divided into four parts: Firstly, convenience products such as staple conveniences, impulse products, and emergency products: secondly,shopping products, for example homogeneous and heterogeneous products: thirdly, specialty products: what is more is unsought products, new unsought and regularly products
Products that exist today
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.
Sony invented the walkman. Other companies imitated it. So their products are imitated products.
Imitative products are those that closely resemble or replicate the design, features, or branding of existing products. Examples include generic drugs that mimic branded pharmaceuticals, knockoff designer handbags that imitate luxury brands, and smartphones that copy the aesthetic and functionality of leading models. These products often aim to offer similar benefits at a lower price point, appealing to consumers seeking cost-effective alternatives.
The word, spit, is in itself onomatopaeic, or imitative, if you prefer. Spew has a similar origin, and is also imitative.
canon
original.
Imitative counterpoint
Imitative counterpoint
imitative counterpoint
Repetitive and Imitative
An imitative entrepreneur is someone who adopts successful concepts and idea that have been proven by innovative entrepreneurs. They essentially copy the technologies and techniques created by others.
imitative of