Often, the First Significant Company to Move into a Market

question 10

Multiple Choice

Often, the first significant company to move into a market becomes the market leader. What is the term for this?

• A) First come first served
• B) First mover advantage
• C) Market first
• D) Last in first out
• E) Organisational first

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Definitions:

Hypothesis

An assertion about what is true in a particular situation; often, a statement asserting that two or more variables are related to one another.

Procedures

A set of established methods or steps taken to perform a particular task or to achieve a specific goal.

Social Psychology

The scientific study of how individuals think, influence, and relate to one another within a societal context.

Developmental Psychology

Developmental Psychology is the scientific study of how and why human beings change over the course of their life, from infancy through to old age, focusing on psychological processes and development.