Sony Was the Pioneer and Early Share Leader in the Videocassette

question 2

Multiple Choice

Sony was the pioneer and early share leader in the videocassette recorder industry with its Betamax technology.But Matsushita's longer-playing and lower-priced VHS format equipment proved much more popular with consumers and dethroned Sony as industry leader.This example underlines that:

• A)Firms cannot always rely on their competencies to maintain share leadership in a market.
• B)The number of firms competing for a share of the market will decrease if there are few barriers to entry.
• C)Market fragmentation will occur if potential customers have homogeneous functional needs.
• D)Pioneers in new product-markets always manage to leverage their competitive advantages as the market grows.

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Definitions:

Dissociative Amnesia

A psychological disorder characterized by temporary memory loss that can't be attributed to a neurological condition.

Ordinary Forgetting

The common and natural process of losing information over time, which can occur due to various factors such as lack of attention or encoding failure.

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Specific information about an individual that defines aspects of their personal life or attributes.

High-Functioning Autism

A classification of autism spectrum disorder where individuals have average or above-average intelligence and are capable of basic life skills but struggle with social interactions and communication.