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:

United Arab Emirates

A federation of seven emirates on the eastern side of the Arabian Peninsula, known for its oil reserves, modern architecture, and vibrant economy.

Qatar

A sovereign country located in the Middle East, on the northeastern coast of the Arabian Peninsula, known for its high-income economy supported by the world's third-largest natural gas and oil reserves.

Kuwait

Kuwait is a small, oil-rich country located on the Persian Gulf, known for its significant petroleum reserves and strategic importance in the Middle East.

Bahrain

A small island country in the Persian Gulf known for its rich history, oil wealth, and as a financial hub in the Middle East.