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
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A vehicle had an estimated useful life of 8 years. The vehicle cost $23,000 and its estimated salvage value is $1,500. The depreciation expense (using straight line method) for a year is:
a. $ 2687.50. b. $ 3546.50. c. $ 2875.00. d. $10,750.00. e. $ 2,856.25.
Business
In studying store composition in a retail location, both retail balance and store affinities need to be examined
Indicate whether the statement is true or false
Business