product imitation

product imitation

a MARKET POSITIONING strategy involving the introduction of a product which emulates or copies a product already on the market (in so far as it is legally possible under PATENT and TRADEMARK laws). Product imitation may be used to exploit high-volume market segments or to compete with new innovative products in a rapidly growing market (see PRODUCT LIFE CYCLE).
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Part III conducts an economic analysis of product imitation by
without examining the economic aspects of product imitation.
comes to protection from product imitation based on a dilution claim.
The rate of product innovation is endogenously determined by profit-driven research inputs but the rate of product imitation is parameterized by Southern IPP standards.
Krugman's pioneering North--South model, where both the rate of product innovation and the rate of product imitation are exogenously determined, has been extended for different research focuses in several ways.
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