Early Adopters of New Technology Often Achieve Higher Market Shares

question 110

True/False

Early adopters of new technology often achieve higher market shares and higher returns than later adopters of the technology.

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Definitions:

JIT Partnership

denotes a collaborative arrangement between suppliers and buyers where just-in-time manufacturing principles are applied, aiming to minimize inventory levels and streamline production processes.

Inventory

The total amount of goods or materials contained in a store or factory at any given time.

JIT Systems

JIT, or Just-In-Time Systems, refer to an inventory management strategy aiming to decrease waste and increase efficiency by receiving goods only as they are needed in the production process.

Job Specialization

The process of focusing one's occupational concentration on a specific area of expertise, increasing efficiency and proficiency in that area.