The First Company to Use New Information Technology to Substantially

question 42

Multiple Choice

The first company to use new information technology to substantially lower costs or differentiate products or services often gains ___________.

• A) first-mover advantage
• B) lower profits
• C) less market adaptability
• D) increased synergy
• E) all of these

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Definitions:

Upper Two Quintiles

Refers to the top 40% of the income distribution in a given population.

Income

The financial gain or revenue received by an individual or entity, typically measured on a yearly basis.

Non-Cash Benefits

Compensation provided to employees or individuals in forms other than cash, such as health insurance, pension contributions, or housing.

Poverty Rate

The percentage of the population that lives below the nation's official poverty line, reflecting the proportion of individuals living in poverty.