Which One of the Following Is an Advantage of Being

question 41

Multiple Choice

Which one of the following is an advantage of being a first mover?

• A) certainty over the direction of technology and market
• B) low development costs
• C) no financial or strategic risks
• D) opportunity to begin building customer relationships

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Definitions:

Environmental Uncertainty

The extent to which an organization lacks information about its external environment, making it difficult to predict future events or trends.

Environmental Impact

The effect or influence of human activities on the natural environment, including both negative and positive consequences.

External Environment

All outside factors and influences that impact the operation and performance of an organization, including economic, technological, sociocultural, and political factors.

Interest Groups

Collections of individuals or organizations that unite to promote and advocate for shared concerns or objectives.