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:

Carbene

A reactive molecule containing a carbon atom with two unshared electrons and bonded to two other atoms.

Diazomethane

A highly reactive, carcinogenic organic compound employed in methylating agents and as a precursor to carbenes; characterized by the formula CH2N2.

Carbene

A highly reactive molecule containing a carbon atom with two nonbonded electrons and bonded to two atoms typically forming a divalent species.

Relative Reactivity

A comparison of the reactivity rates of different substances under the same conditions, indicating how easily one substance reacts relative to another.