The Chief Disadvantages of Being a First Mover Is

question 6

Multiple Choice

The chief disadvantages of being a first mover is:

• A)the high level of competition in the new marketplace
• B)an inability to sustain a competitive advantage
• C)the difficulty of obtaining new customers
• D)the high degree of risk

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Definitions:

Egalitarian Division

An approach to dividing responsibilities or resources among people that emphasizes equality and fairness.

Household Duties

Tasks and responsibilities associated with managing and maintaining a home, such as cooking, cleaning, and taking care of family members.

Data Entry

The process of inputting data or information into a computer system or database for storage, processing, or analysis.

Foraging Society

A society that primarily subsists by hunting, fishing, and gathering wild food, rather than cultivating crops or domesticating animals.