The Chief Disadvantage of Being a First Mover Is The

question 58

Multiple Choice

The chief disadvantage of being a first mover is the:

• A) High degree of risk
• B) High level of competition in the new marketplace
• C) Inability to earn above-average returns unless the production process is very efficient
• D) Difficulty of obtaining new customers

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Definitions:

Positive Outcomes

Favorable or beneficial results or effects of an action, behavior, or procedure.

Neutral Outcomes

Results or consequences of an action that neither significantly benefit nor harm the situation or the individuals involved.

Past Behaviours

Previous actions or patterns of actions taken by an individual, often used to predict future behaviors.

Free Will

The ability of agents to make choices unconstrained by certain factors, often discussed in the context of philosophy, psychology, and religion.