First Mover Advantage Occurs Where an Organisation Is Less Well

question 21

True/False

First mover advantage occurs where an organisation is less well off than its competitors as a result of being first to market with a new product.

---

Definitions:

Pluralist Model

A theory suggesting that power in a society is distributed among many groups, leading to a balance that benefits the general public.

Representative Democracies

A form of democracy in which citizens elect officials to govern on their behalf, making decisions and passing laws to guide the country.

Individual Rights

The basic freedoms and protections that belong to every person, empowering individuals by granting them entitlements and legal protections from abuses.

Elite Theory

Holds that small groups occupying the command posts of the most influential institutions make important decisions that profoundly affect all members of society. Moreover, they do so without much regard for elections or public opinion.