A First-Mover Advantage Comes From

question 33

Multiple Choice

A first-mover advantage comes from:

• A) making improvements to existing product lines.
• B) being the first to exploit a niche or enter a market.
• C) being the first to take a free-ride on the opportunity created by a pioneer.
• D) the ability to poach trained personnel from an established business.
• E) taking risks while strategizing to improve an existing market.

---

Definitions:

Fundamental Breach

A breach of a fundamental aspect of the contract that is not covered by an exclusion clause; a breach that goes to the very root of the contract.

Risk of Loss

A term referring to the responsibility for damage or destruction of goods, typically discussed in contracts or insurance contexts to determine who bears the financial burden when property is damaged.

Sale-of-Goods Contract

A legal agreement where a seller transfers or agrees to transfer ownership of goods to a buyer for a price.

Unascertained Goods

Items for sale that have not been specifically identified at the time of contract formation.