Conditions Used to Be Such That the First Entrant into a Foreign

question 2

Multiple Choice

Conditions used to be such that the first entrant into a foreign market could count on being the leader for years, but in today's marketplace, the competitive edge is not as great because:

• A) of competing technology and a frequent lack of intellectual property rights protection.
• B) competing firms were there first.
• C) globalization and the Internet do not allow there to be a "first firm".
• D) most countries do not allow startup firms to enter into the market.

---

Definitions:

Magazine Subscriptions

Agreements where individuals pay in advance to receive periodic issues of magazines over a specified time frame.

False Pretenses

The act of deliberately presenting false information with the intent to deceive or mislead.

Ponzi Scheme

A fraudulent investment scam promising high rates of return with little risk to investors, which generates returns for older investors through new investors' capital rather than legitimate profit.

Personal Property

Movable property not attached to real estate, such as vehicles, furniture, and jewelry.