The Chief Disadvantage of Being a First Mover Is The

question 103

Multiple Choice

The chief disadvantage of being a first mover is the:

• A) high degree of risk.
• B) high level of competition in the new marketplace.
• C) inability to earn above-average returns unless the production process is very efficient.
• D) difficulty of obtaining new customers.

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Definitions:

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured and often also covers the cost of preventive care services.

Direct Mental Health Services

Healthcare interventions and supports provided to individuals facing mental health challenges, typically involving direct interaction with healthcare professionals.

Federal Programs

Government initiatives designed to provide services, support, or benefits at the national level.

Land-Line Call

A telephone call made through a direct line connection that uses physical wires or fiber optic cabling for transmissions.