Why would a company create a knockoff of a product?

What will be an ideal response?


A knockoff product is a new product that copies, with slight modification, the design of an original product. Firms deliberately create knockoff products with the intent to sell to a larger or different market than consumers who would buy the original product.

Business

You might also like to view...

Discuss self-leadership by defining self-leadership and discussing the what, why, and how of self-leadership.

What will be an ideal response?

Business

The standard term of a limited liability company is: 

A. 30 years. B. 20 years. C. 25 years. D. 15 years.

Business

What are the seven rules for building a successful business?

What will be an ideal response?

Business

In the context of the Oracle Enterprise Manager, a(n) _____ is a uniquely identifiable object that allows a given person to log on to the database

a. user b. role c. profile d. client

Business