A Benefit of Being a Second Mover Is

question 62

Multiple Choice

A benefit of being a second mover is:

• A) an absence of the need to be the largest firm in the industry.
• B) that a firm may be able to respond to first movers' competitive actions while avoiding the risks and development costs experienced by the first movers.
• C) the absence of any risk.
• D) the ability to lead the industry into new areas of product development and gain customer loyalty from its move.

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Definitions:

Deceptive Claims

False or misleading statements made to manipulate or deceive others, often found in advertising or misinformation.

Scientific Evidence

Data or facts that serve to either support or counter a scientific theory or hypothesis, obtained through systematic observation, experimentation, or research.

Ethical Standards

Guiding principles that help determine what is right and wrong in personal and professional conduct.

Audience Objections

The concerns, questions, or disagreements raised by an audience or consumers in response to a proposal, presentation, or product offering.