A Disadvantage of Moving Too Quickly Is That

question 13

Multiple Choice

A disadvantage of moving too quickly is that

• A)costs of entry are higher.
• B)the likelihood of misunderstanding the demand is greater.
• C)followers gain an advantage by learning from the first-mover.
• D)All of the above.

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Definitions:

Self-serving Bias

The common tendency to attribute positive events to one’s own character but attribute negative events to external factors.

Narcissism

A personality trait characterized by an inflated sense of one's own importance, a deep need for excessive attention and admiration, coupled with a lack of empathy for others.

Self-efficacy

An individual’s belief in their own ability to successfully accomplish tasks and reach goals.

Spotlight Effect

The idea that one's actions and appearance draw more observation from others than truly happens.