What Is a Strategic Disadvantage of Being a First Mover

question 91

Multiple Choice

What is a strategic disadvantage of being a first mover?

• A) least opportunity to build customer loyalty
• B) risk of competitors imitating innovations
• C) no cost and learning benefit
• D) no control over resources

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Definitions:

Lodging

Accommodation in a residence or hotel for a short-term stay, often considered for deductible travel expenses in business contexts.

Recognized Gain

The portion of a gain on the sale of an asset that must be reported as income for tax purposes.

Divorce Agreement

A legal document that outlines the terms agreed upon by partners during a divorce, including division of assets, child support, and alimony.

Educational Loan Interest

Interest paid on a loan taken out to pay for educational expenses. This interest can sometimes be deducted from taxable income.