According to Researchers, Prospectors That Gained a First-Mover Advantage

question 59

Multiple Choice

According to researchers, prospectors that gained a first-mover advantage

• A) are slightly more successful than later entrants.
• B) turned into monopolies.
• C) are not innovative.
• D) are less profitable than later entrants.
• E) are significantly more profitable.

---

Definitions:

Vertically Structured

A rephrased definition for Vertical Structure: A system of organization where hierarchy dictates the arrangement and distribution of power and authority from higher to lower levels.

Attitudes

A learned tendency to evaluate things in a certain way, which can include people, issues, objects, or events.

Low-Balling

A sales tactic where an initially low price is offered to lure in customers, only to increase it by revealing additional costs or fees later.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.