What Problem Do Late Developers Confront with Economies of Scale

question 63

Multiple Choice

What problem do late developers confront with economies of scale?

• A)They produce on a small scale at a higher cost
• B)They are unable to produce a large amount of their goods
• C)First movers are able to undermine these new businesses
• D)The laws and policies set by the first movers hinder late developers

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Definitions:

Bounded Rationality Model

An approach suggesting that decision-making is limited by the information available, cognitive limitations of individuals, and the finite amount of time they have to make decisions.

Political Model

A framework in organizational studies that examines the use of power and influence by individuals and groups within an organization.

Radio-Frequency Identification (RFID)

A technology that uses electromagnetic fields to automatically identify and track tags attached to objects, containing electronically-stored information.

Tag

A label or keyword assigned to categorize or identify information, making it easier to search or group related items.