A "Fast-Second Strategy" Means That a Dominant Firm in an Industry

question 244

Multiple Choice

A "fast-second strategy" means that a dominant firm in an industry

• A)uses just-in-time inventory control methods to speed production.
• B)cuts the development time for the introduction of a new product.
• C)lets smaller firms initiate new products and then quickly imitates the success.
• D)merges with the second largest firm in the industry to gain a larger market share.

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Definitions:

Neutrophils

A type of white blood cell that plays a key role in defending the body against infections by engulfing and destroying pathogens.

Basophils

A type of white blood cell involved in the body's immune response, particularly in allergic reactions and inflammation.

Hemoglobin

A molecule found in red blood cells responsible for transporting oxygen from the lungs to various tissues throughout the body and conveying carbon dioxide from those tissues back to the lungs.

Oxygen

A chemical element vital for life, involved in cellular respiration and provided in medical treatments to support breathing.