Chris Was the First Amongst the Sales Group to Purchase

question 54

Multiple Choice

Chris was the first amongst the sales group to purchase a smartphone when they were introduced to the market. This gave Chris an upper hand on other sales staff as he could stay in closer touch with current and potential customers and respond to their needs more quickly. What upper hand did the smartphone give Chris?

• A)first-mover advantage  
• B)lower profits  
• C)less market adaptability  
• D)increased synergy

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Definitions:

Variance

An indicator of the distance between values in a dataset, reflecting how much each value deviates from the average.

Random Variable

An entity whose outcomes are numerical and stem from a random process.

Discrete Random Variable

A discrete random variable is one that takes on countable values, often resulting from outcomes of a statistical experiment.

Discrete Random Variable

A type of random variable that can take on a countable number of distinct and separate values.