One source of new product thoughts is competitors

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One source of new product thoughts is competitors. Steven Fischer freshly joined Frankie as well as Alex Specialty Products as a brand manager. His new boss told him we don't have a budget for new product development. We just monitor our competitors' new product introductions as well as offer knockoffs of any that look like they will be successful.

1. Is this practice ethical?

2. Does the AMA Statement of Ethics address this issue? Then write a transitory paragraph on what the AMA Statement of Ethics contains that tells to knock-off products

Reference no: EM1378826

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