Which of the Following Is a Difference Between First Movers

question 37

Multiple Choice

Which of the following is a difference between first movers and late movers?

• A) First movers take advantage of the inflexibility of late movers,whereas late movers may be locked into a given set of fixed assets.
• B) First movers face greater technological and market uncertainties,whereas late movers take advantage of the solutions of the first movers.
• C) First movers may be able to free ride on the huge pioneering investments of late movers,whereas late movers have to make preemptive investments.
• D) First movers attract more late entrants,whereas late movers erect entry barriers for further entrants.

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Definitions:

Marketing Plan

A comprehensive document or strategy that outlines a company's overall marketing efforts, including target markets, competition, and marketing objectives.

Usage Instructions

Guidelines provided by manufacturers on how to properly use and maintain products to ensure safety and longevity.

SELL Sequence

A systematic approach in sales that involves showing features, providing evidence of benefits, leading to advantages, and locking in the sale by addressing customer needs.

Persuasive Communication

The ability to convince or influence others through effective messaging and communication techniques.