Sony Was a Pioneer in the Portable Music Market Segment

question 46

Multiple Choice

Sony was a pioneer in the portable music market segment. The Sony Walkman was an innovative product that created a new category altogether and made Sony a technological leader. This gave the company an edge over other consumer electronics brands that introduced portable music players for a very long time. In this example, Sony had the

• A) vertical integration advantage.
• B) purchasing power parity advantage.
• C) free-rider advantage.
• D) first-mover advantage.

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Definitions:

Prejudiced

Holding preconceived opinions or judgments about someone or something without proper knowledge or experience, often negative and directed towards specific groups.

Racial Disparities

The differences in treatment and outcomes that people of different races experience in various areas such as healthcare, education, and criminal justice.

Reward For Application

A principle in psychology and behavioral science that suggests positive outcomes or rewards following the application of a specific behavior or skill encourage repeat behavior.

Belief

A state of mind in which trust or confidence is placed in some proposition or entity without absolute empirical evidence.