First Movers Are Often Critical to Firm Success in Industries

question 13

Multiple Choice

First movers are often critical to firm success in industries experiencing:

• A)changing consumer trends and rapid technological developments
• B)rapid technological developments and relatively short product life cycles
• C)globalisation and changing demographic trends
• D)globalisation and increasing technological sophistication

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Definitions:

Social Needs

Fundamental human requirements for belonging and interpersonal connection within a society or community.

Interpersonal Skills

Abilities used to effectively communicate, interact, and work with individuals and groups through empathy, listening, and conflict resolution.

Interpersonal Relationships

The connections and interactions between two or more people, which can vary in closeness and significance.

Career Success

The attainment of goals and achievements in one’s professional life, often measured by advancements, recognition, and personal satisfaction.