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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.
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What is the Difference between innovative and imitative enterpreneurs?
difference btw innovation and creativity
Difference between functional and innovative products?
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.
What are the differences between two competing products in the market?
The differences between two competing products in the market can include features, price, quality, brand reputation, customer reviews, and target audience. It is important to compare these factors to make an informed decision when choosing between the products.
Which is the main difference between perfect competition and monopolistic competition?
In monopolistic competition, sellers can profit from the differences between their products and other products.
Business term for the process of developing and promoting the differences between one's products and other similar products?
Advertising.
What are the differences between the various brands of nicotine pachtes available?
the difference between the two products is the side effects that you may experience.
Are the only differences between Sony and other computers the name and the price?
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.
Distinguish between drone entepreneurs and imitative entrepreneurs?
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.
What is the difference between being innovative and being inventive?
Being innovative involves improving or enhancing existing ideas, products, or processes, while being inventive involves creating entirely new ideas, products, or processes from scratch. Innovation builds upon existing knowledge, while invention involves creating something entirely new.
What are the differences between Diamond Crystal and Morton salt products?
The main differences between Diamond Crystal and Morton salt products are their crystal size, taste, and usage. Diamond Crystal salt has smaller crystals, a milder taste, and is often preferred for baking and cooking. Morton salt has larger crystals, a stronger taste, and is commonly used for seasoning and preserving food.
Differences between 1950s and now?
differences between now and then 1905s
Differences between fraud and error?
differences between errors and frauds
