What Are the Advantages and Disadvantages of Being a First

question 14

Essay

What are the advantages and disadvantages of being a first mover, second mover, and late mover?

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Definitions:

Stockholders

Stockholders, or shareholders, are individuals or entities that legally own one or more shares of stock in a joint-stock company, making them partial owners of that company.

Variable Factory Overhead Controllable Variance

The difference between actual variable overhead and the standard cost of variable overhead that management could control or influence.

Fixed Overhead

This term refers to indirect costs of running a business that do not change with the level of production or sales, such as rent, utilities, and salaries.

Variable Overhead Rate

The ratio of variable overhead costs to activity drivers such as hours worked or units produced.