Technological Leadership,as a Source of First Mover Advantage Refers to

question 34

Multiple Choice

Technological leadership,as a source of first mover advantage refers to

• A)A company beginning business as a global start-up.
• B)A company that adopts global strategies faster than competitors.
• C)A company that moves quickly into a new venture.
• D)A company that is the first to use a new technology.

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Definitions:

Imported Oil

Oil that is bought from other countries for use, reflecting dependency on foreign sources for energy supply.

Favored Customers

Customers who receive special benefits, discounts, or terms due to their status or relationship with a seller or service provider.

Rationing Mechanism

A system used to allocate scarce goods, services, or resources among people with competing needs or desires.

Tariff

A tax imposed by a government on goods and services imported from other countries, designed to raise revenue or protect domestic industries.