A Second Mover

question 7

Multiple Choice

A second mover:

• A) is typically ineffective in its response to the first mover.
• B) attempts to provide a product with greater customer value than the first mover's product.
• C) usually incurs higher expenses than the first mover since it must engage in reverse engineering.
• D) typically has a higher survival rate than first movers which typically take greater risks.

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Definitions:

Donee Beneficiary

In contract law, a person who benefits from a contract made between two other parties, where the intention is to gift the benefit or performance.

Promisee

A person to whom a promise is made or directed, particularly in a legal contract.

Familial Relationship

A social or blood connection existing between two or more people who are considered to be part of the same family unit.

Recognized

Generally refers to the acceptance or acknowledgment of something as valid, legal, or official.