In Many Cases Companies Who Enter a Market After Innovative

question 71

Multiple Choice

In many cases companies who enter a market after innovative products have been introduced can achieve long-term competitive advantages by continuing to develop a better mousetrap. For example, VisiCalc was the first company to introduce a desktop spreadsheet program, but Lotus Notes cornered a large market share when it introduced the 1-2-3 program. Today, however, Microsoft's Excel is the dominant spreadsheet software program and has continued to endure due to the popularity of the Microsoft Office Suite of products. VisiCalc possessed a ___________ advantage while Microsoft enjoyed a ___________ advantage.

• A) first-mover; late-mover
• B) late-mover; first mover
• C) sustainable; unsustainable
• D) economic; technological

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Definitions:

Three Decimal Places

Referring to a numerical precision that includes three digits to the right of the decimal point.

\(50e^{-0.1x}\)

A mathematical expression representing exponential decay, where \(e\) is the base of the natural logarithm.

Three Decimal Places

Refers to numbers that are rounded or precise to the third digit after the decimal point.

\(100e^{-0.5x}\)

This represents an exponential expression used in various mathematical and scientific calculations.