Which of the Following Is an Advantage of First Movers

question 59

Multiple Choice

Which of the following is an advantage of first movers?

• A) They are not prone to mistakes.
• B) They bear lower pioneering costs than later entrants do.
• C) They only invest in the latest technology.
• D) They do not run the risk of building the wrong resources as they are highly customer-focused.
• E) They have an opportunity to exploit network effects and positive feedback loops.

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Definitions:

Jewish Refugees

Individuals of Jewish descent who have been displaced from their countries of origin due to persecution, war, or violence, particularly noted during and after World War II.

Canadian Government

The federal administrative framework of Canada, characterized by a parliamentary system where the prime minister is the head of government.

Indigenous Peoples

Ethnic groups who are the original inhabitants of a given region, having distinct cultural traditions and historical ties to the land before colonization or formation of modern states.

Marxist

Pertaining to the theories and principles of Karl Marx, emphasizing the role of class struggle in societal change and advocating for a society where the means of production are communally owned.