A Firm That Is First to Market in a Particular

question 59

Short Answer

A firm that is first to market in a particular area and that moves quickly to gather market share is referred to as a(n) ________.

---

Definitions:

Ad Hoc Committees

Temporary groups formed for a specific task or objective, and dissolved after the completion of that task or achievement of that objective.

Organizational Decision Making

The process by which choices are made within an organization, typically involving several departments or stakeholders.

Standing Committees

Permanent committees established to perform a continuing function and exist for the lifespan of the organizing body to which they belong.

Clinical Staff

Healthcare professionals engaged in the care of patients, including doctors, nurses, and therapists.