A Company That Has the Opportunity to Observe the Market

question 45

Multiple Choice

A company that has the opportunity to observe the market leader and then improve on the leader's strategies or products is said to have a ________advantage.

• A) competitive
• B) comparative
• C) third- mover
• D) second- mover
• E) first- mover

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Definitions:

Crowdsourcing

The practice of obtaining ideas, services, or content by soliciting contributions from a large group of people, especially from an online community.

Decision Process

The sequence of cognitive operations or steps taken by individuals or groups in choosing among alternatives to reach a decision.

Alternative Solutions

Refers to various options or methods available for solving a problem or achieving an objective.

Crowdsourcing

Crowdsourcing involves obtaining ideas, services, or content by soliciting contributions from a large group of people, especially an online community.