Which of the Following Is True About the First Mover

question 62

Multiple Choice

Which of the following is true about the first mover strategy?

• A) The first mover bears the costs of developing the product and educating customers.
• B) Owing to its novel and unique product, a first mover can be sure that customers will embrace its offering.
• C) First movers are likely to succeed even without committing resources to follow through on their pioneering efforts.
• D) First moves that build on strategic resources are easy for rivals to imitate.
• E) First movers typically enjoy an advantage over rivals for about five years.

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Definitions:

Independent Variable

A variable in an experiment or model that is manipulated to observe its effect on the dependent variable.

Dependent Variable

A variable in experimental and statistical modeling whose value is dependent on the influence of another variable (the independent variable).

Coefficient Of Determination

A statistic that indicates the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

Estimated Regression Equation

A formula that represents the relationship between dependent and independent variables and is used to predict the value of the dependent variable.