Which of the Following Is a First-Mover Advantage

question 22

Multiple Choice

Which of the following is a first-mover advantage? 

• A) Avoidance of clash with a dominant firm at home 
• B) Opportunity to free ride on second mover investments 
• C) Resolution of technological and market uncertainty 
• D) No difficulty in adapting to market changes

Recognize the influence of philosophical and psychological theories on therapeutic approaches.

Understand the principles and goals of different therapeutic approaches.

Identify the founders or key figures associated with various therapeutic methods.

Recognize the therapeutic approach best suited for specific psychological issues or goals.

---

Definitions:

Marketing Mix

Encompasses the four key elements of marketing strategy: product, price, place, and promotion used to meet marketing objectives.

Production-oriented Era

A historical period in marketing where the focus was on production capabilities and efficiencies rather than on a deep understanding of consumer needs or desires.

Sales-oriented Era

A business approach focusing on the promotion and selling of products, often irrespective of consumer demand, prevalent in the mid-20th century.

Market-oriented Era

A period in business where the focus shifts towards understanding and fulfilling the preferences and needs of consumers in the market.