Which of the Following Is an Advantage of Being a Later

question 18

Multiple Choice

Which of the following is an advantage of being a later entrant into a market?

• A) Firms can capture scarce resources.
• B) Firms do not have to invest in exploratory research.
• C) Firms have to develop their own supply and distribution channels.
• D) Firms are unaffected by switching costs.

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Definitions:

Salary Requirements

The compensation a job applicant expects for a position, often discussed during the hiring process.

Compensation Policies

Guidelines or rules set by an organization dictating how employees will be financially rewarded for their work.

Implicit Bias

The unconscious attitudes or stereotypes that affect our understanding, actions, and decisions.

Blind Audition

A performance or audition where the judges cannot see the participants, to ensure judgments are made solely based on talent.