To Sustain the Competitive Advantage Gained by Being a First

question 35

True/False

To sustain the competitive advantage gained by being a first mover, a firm needs to be a cost leader.

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Definitions:

Article 9

A section of the Uniform Commercial Code dealing with secured transactions involving personal property.

Personal Property

Any movable property that is not considered real property, such as vehicles, electronics, and furniture.

Collateral

Assets pledged by a borrower to secure credit or a loan, which can be seized in case of default.

Intangibles

Intangibles refer to non-physical assets that have value, such as intellectual property, goodwill, and brand recognition.