An Example of a First-Mover Advantage in International Operations Is

question 79

Multiple Choice

An example of a first-mover advantage in international operations is ________.

• A)gaining economies of scale at a lower output level than competitors
• B)increasing sales response functions and customer service
• C)using a small country for market tests prior to entering a large country
• D)lining up the best suppliers and distributors before competitors enter the market

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable, leading to a reduction in total surplus.

Excess Burden

A measure of the economic loss that can occur when market behavior is distorted, often due to inefficient taxation or government policies.

Economic Activity

All actions that involve the production, distribution, and consumption of goods and services in an economy.

Tax Burden

The total amount of taxes that individuals or businesses must pay to the government.