A Second Mover Is A(n)

question 55

Multiple Choice

A second mover is a(n) :

• A)firm that responds to a first mover's competitive action, often through imitation or a move designed to counter the effects of an action
• B)firm that leads a competitive action in an industry
• C)individual who imitates others in an industry to ensure career progress
• D)individual who moves from a declining industry to a newly expanding industry

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Definitions:

Criminal Activities

Illegal actions that are punishable by law, such as theft, fraud, or assault.

Confidential

Information or material meant to be kept secret or private, often protected by legal or contractual agreement.

Enforceable

A term referring to a contract or agreement that can be legally compelled or executed according to its terms.

Binding Contract

an agreement between two or more parties that is enforceable by law, committing all involved to fulfill their obligations.