Late Movers Are Those Firms

question 35

Multiple Choice

Late movers are those firms:

• A) that do respond to a competitive action but only after considerable time has elapsed after the first mover's action and the second mover's response.
• B) that respond to a first mover's competitive action often through imitation or a move designed to counter the effects of the action.
• C) that take an initial competitive action (either strategic or tactical).
• D) that stay in a declining industry.

---

Definitions:

ATP

Adenosine triphosphate, a molecule that stores and transfers energy within cells, essential for metabolic processes.

Aerobic Respiration

A process in which cells convert glucose and oxygen into energy, carbon dioxide, and water, occurring in the mitochondria.

Citric Acid Cycle

A key metabolic pathway that takes place in the mitochondria of cells, where acetyl CoA is oxidized to produce energy in the form of ATP.