First Mover Advantages Occur When

question 40

Multiple Choice

First mover advantages occur when

• A)A company can begin business as a global start-up.
• B)A company adopts global strategies faster than competitors.
• C)Company moves quickly into a new venture and establishes the business before other firms can react.
• D)A company changes production technology.

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Definitions:

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort from holding two or more contradictory beliefs, ideas, or values simultaneously.

Conflicting Behaviors

Actions or responses that are contradictory or opposed to one another, often causing confusion or internal conflict.

Attitudes

Attitudes are psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Compliance

Compliance involves conforming to a rule, standard, or command, often within societal, legal, or regulatory frameworks.