Being the First to Sell a Particular Good Can Give

question 44

Multiple Choice

Being the first to sell a particular good can give a firm advantages over other firms that sell similar products.What is the name given to these advantages?

• A)first-mover
• B)first come, first served
• C)follow the leader
• D)first to market

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Definitions:

Abstract Thought

The ability to think about objects, principles, and ideas that are not physically present.

Social Activities

Interactions and engagements with others in a communal or public setting, often for leisure, networking, or support.

Cultural Activities

Events or practices that reflect the traditions, arts, social institutions, and achievements of a particular nation, people, or other social group.

Social Relations

The interactions and connections among individuals and groups, encompassing a wide range of human society dynamics.