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:

Hypothalamus

A small region of the brain located below the thalamus, responsible for regulating many bodily functions, including hunger, thirst, sleep, and emotional activity.

Thalamus

A structure in the brain located above the brainstem, that serves as a relay station for transmitting sensory information to the cerebral cortex.

Hormone

Chemical messengers produced by the endocrine glands that regulate various body functions and processes.

Gland

An organ in the body that secretes particular chemical substances for use in the body or for discharge into the surroundings.