The _____ Problem Exists When Rivals Watch a Pioneer's Efforts

question 74

Multiple Choice

The _____ problem exists when rivals watch a pioneer's efforts, learn from their successes and missteps, and then enter the market quickly with a comparable or superior product at a lower cost.

• A) late entrant
• B) early starter
• C) first mover
• D) intellectual property
• E) fast follower

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Definitions:

Factor Comparison

A method used in job evaluation that involves comparing jobs to each other based on compensable factors to determine relative worth within an organization.

Forced Distribution Method

A performance evaluation approach where employees are ranked in groups and distributions, often aimed at identifying top performers, average performers, and underperformers.

Statistical/Policy Capturing Method

A research method that quantitatively models the decision-making policies of individuals by analyzing their responses to various stimuli or scenarios.

Ranking Method

A method used in human resources to evaluate job positions within an organization by ordering them in a hierarchy of importance or relevance to the company's objectives.