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:

Central Nervous System

is a fundamental part of the neurosystem comprising the brain and spinal cord, responsible for processing and sending out information throughout the body.

Spinal Cord

is a long, thin, tubular structure made up of nervous tissue that extends from the medulla oblongata in the brainstem to the lumbar region of the spinal column, crucial for transmitting messages between the brain and the body.

Somatic Nervous System

A part of the peripheral nervous system that handles voluntary control of body movements through the control of skeletal muscles.

Knee-Jerk Reflex

The knee-jerk reflex is a sudden kicking movement of the lower leg in response to a sharp tap on the patellar tendon.