Which of the Following Is True of First Movers

question 20

Multiple Choice

Which of the following is true of first movers?

• A) The first mover cannot be able to establish brand loyalty.
• B) The first mover has no opportunity to exploit network effects and positive feedback loops.
• C) The first mover cannot create switching costs for its customers to deter rivals.
• D) The first mover that creates a revolutionary product is in a monopoly position.
• E) Being a first mover guarantees instant success.

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Definitions:

Neurotransmitter Systems

Neurotransmitter systems comprise networks of neurons that communicate using specific chemicals called neurotransmitters, which influence numerous brain functions and behaviors.

Stress Response

The body's reaction to a challenge or demand, characterized by physiological changes such as increased heart rate and blood pressure.

Depression

A common and serious mood disorder that negatively affects how one feels, thinks, and handles daily activities.

Neurotransmitter Systems

Networks of neurons that communicate with each other through the release of neurotransmitters, influencing various functions of the body and brain.