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:

Voluntary Response Bias

A bias in survey results that occurs when the respondents who choose to participate are not representative of the intended population.

Nonresponse Bias

A bias that occurs in survey statistics when individuals who do not respond differ significantly from those who do, affecting the validity of the results.

Response Bias

A type of bias that occurs when respondents to a survey or study give inaccurate answers, often due to the wording of questions or social desirability.

Undercoverage

A bias in statistical sampling where some members of the intended population are inadequately represented in the sample.