If Competition in an Industry Has Become Time-Based

question 44

Multiple Choice

If competition in an industry has become time-based:

• A)A good first mover will 'scoop the market', but if they misjudge the game a fast second mover can 'clean up'
• B)Anticipating the market is the only reliable strategy
• C)Innovation is the critical competence
• D)Another fad has been created by consultants and management researchers

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Definitions:

Heritability

A measure of how much of the variation in a particular trait within a population can be attributed to genetic differences among individuals.

Dominant-Recessive Inheritance

A genetic transmission pattern where an inherited trait is dictated by the presence of just one dominant gene, overshadowing a recessive gene when both are present.

Incomplete Dominance

A genetic inheritance pattern in which both genes are expressed in the phenotype.

Polygenic Inheritance

Occurs when a trait is a function of the interaction of many genes, such as with height, intelligence, and temperament.