Who profits from innovation? Innovator, imitator. supplier, customer?

1 ⤊

Who profits from innovation? Innovator, imitator. supplier, customer?

2007-04-06 04:34:02 · 2 answers · asked by SmoOth 1 in Business & Finance ➔ Other - Business & Finance

2 answers

The person who markets it effectively.

2007-04-06 05:06:20 · answer #1 · answered by pepper 7 · 1⤊ 0⤋

presumably, everyone benefits.

Innovation gives the company or developer a new product to market, the consumer benefits by being able to obtain new and innovative products, the supplier benefits from increased demand for services, and the imitator, while making less than the innovator, didn't outlay the cost for research and development.

2007-04-06 14:27:57 · answer #2 · answered by Piggiepants 7 · 0⤊ 0⤋