A First-Mover Advantage Refers To

question 4

Multiple Choice

A first-mover advantage refers to:

• A) offering unique customer value.
• B) offering a unique customer value before competitors do so.
• C) writing down the objectives and steps for achieving a new venture.
• D) leaving an industry or product line before sales drop.

---

Definitions:

Vacation Home

A secondary residence used for leisure and vacation purposes, not as a primary living space.

Administrator

A person appointed by a court to serve as a personal representative for a person who died intestate (who made a will but failed to name an executor, or whose executor cannot serve).

Secretary

An individual employed to handle correspondence, keep records, and perform clerical and administrative duties, often assisting an individual or an office within an organization.

Paralegal

A professional who assists lawyers in the delivery of legal services, performing tasks such as research, preparing legal documents, and managing cases but is not qualified to represent clients in court.