Asked by chisom chikezie on Jun 09, 2024
Verified
The wide imitation and spread of an innovation is called
A) innovation.
B) invention.
C) creative destruction.
D) diffusion.
Wide Imitation
The extensive replication of a product, service, or innovation by multiple competitors or industry participants, often signalling the success or desirability of the original.
Creative Destruction
A process through economic innovation in which older models or structures are destroyed to make way for new advancements.
Diffusion
The process by which a technological innovation, cultural trend, or new idea spreads through a population or society.
- Recognize the unique characteristics distinguishing invention, innovation, and diffusion.
- Grasp the concept of diffusion through the adoption of innovations by competitors or other industries.
Verified Answer
Jun 12, 2024
Learning Objectives
- Recognize the unique characteristics distinguishing invention, innovation, and diffusion.
- Grasp the concept of diffusion through the adoption of innovations by competitors or other industries.
Related questions
Diffusion Is the First Successful Commercial Introduction of a Product ...
What Are the Differences Between the Short Run, Long Run ...
The Only Firm to Show Substantial Diffusion in Richard Walton's ...
Although Job Enrichment Was Successfully Implemented in a Firm's Toronto ...
Less Complex Innovations Are More Likely to Diffuse Than More ...