One of the Advantages of Being the First Mover in a Market

question 10

Multiple Choice

One of the advantages of being the first mover in a market is

• A) there is little risk involved.
• B) to benefit from a higher cost structure.
• C) the ability to capture scale economies ahead of later entrants.
• D) local governments are more favorable to the first movers.

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Definitions:

Maximum

The highest allowable limit for a dimension, value, or quantity.

Minimum

The lowest value or amount permissible or possible in a given set of conditions or contexts, often referred to in design, mathematics, and statistics.

Diameter Symbol

A symbol (∅) used in technical drawings to indicate that a dimension applies to a circle's diameter.

Limit Dimensions

The specifications on a drawing that show the maximum and minimum size limits that a part can be manufactured to.