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:

Civil Rights Act

A landmark piece of U.S. legislation, particularly the Act of 1964, which outlawed discrimination based on race, color, religion, sex, or national origin.

Family and Medical Leave Act

A law that grants eligible employees up to 12 weeks of unpaid leave per year for certain family and medical reasons, with continuation of group health insurance coverage.

Governmental Employers

Public sector entities that employ workers, including departments, agencies, and other units of government.

Wages and Benefits

Compensation given to employees for their services, which includes both monetary wages and additional benefits such as health insurance, retirement plans, and others.