A Second Mover

question 7

Multiple Choice

A second mover:

• A) is typically ineffective in its response to the first mover.
• B) attempts to provide a product with greater customer value than the first mover's product.
• C) usually incurs higher expenses than the first mover since it must engage in reverse engineering.
• D) typically has a higher survival rate than first movers which typically take greater risks.

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Definitions:

Microevolution

Change in the genetic makeup of a species or a small group of organisms over a brief time period, regarded as evolutionary.

Speciation

Evolution of a new species.

Mass Extinctions

Events in Earth's history where large numbers of species become extinct worldwide in a relatively short geological timeframe, drastically reducing biodiversity.

Environmental Factors

Encompasses all external elements and conditions affecting an organism's life, from climate to food availability.