Which of the Following Observations About Pioneering Firms Is Incorrect

question 6

Multiple Choice

Which of the following observations about pioneering firms is incorrect?

• A)They are always the market-share leaders as the new product categories mature.
• B)They must change and adapt their strategies as their products move through a life cycle.
• C)Capitalising on early advantage,some of them earn substantial revenues and profits.
• D)They can be overtaken by followers that offer better products,superior customer service or lower prices.

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Definitions:

Preoperational Thought

A stage in Piaget's theory of cognitive development where children from about 2 to 7 years of age are able to use symbols and language but do not yet understand concrete logic.

Conservation

The careful preservation and protection of something, especially aimed at preventing the depletion of natural resources.

Private Speech

The internal dialogue that occurs when people talk to themselves (either silently or out loud).

Vygotsky

A psychologist known for his theory of social development and concepts such as the Zone of Proximal Development and scaffolding in learning.