What Are the Two Principal Potential Benefits of Being a Late

question 14

Multiple Choice

What are the two principal potential benefits of being a late mover?

• A) Buyer- switching costs
• B) Learning
• C) Free- riding
• D) Economies of scale

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Definitions:

Balance Brought Forward

The opening balance of an account that is carried over from the end of a previous period.

Check Amount

Check Amount refers to the specific monetary value written and payable on a check, representing the total to be transferred from the account of the drawer to the payee.

Balance Carried Forward

The amount of money carried from one period to the next in a financial statement or accounting ledger.

Check Stub

The part of a check that is retained as a record, detailing the amount paid, to whom, and for what purpose.