A Benefit of Being a Second Mover Is

question 8

Multiple Choice

A benefit of being a second mover is:

• A)the absence of the need to be the largest firm in the industry
• B)that a firm may be able to respond to first movers' competitive actions without the same risks and development costs
• C)the absence of any risk
• D)the ability to lead the industry into new areas of product development and gain customer loyalty from its move

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Definitions:

Shirts

Articles of clothing worn on the upper body, usually having sleeves and a collar, and made from various fabrics.

Hot Drinks

Beverages that are served warm, such as coffee, tea, or hot chocolate.

Temperature

A physical quantity expressing the subjective perceptions of hot and cold, measured with thermometers.

Increased

Describes a situation where a quantity or value rises or grows, indicating a higher level than before.