The _____ Refers to a Strategy Adopted by Many Companies

question 61

Short Answer

The _____ refers to a strategy adopted by many companies and investors who believed that by being the first Web site to offer a particular type of product or service, they would be given opportunities to be successful.

---

Definitions:

Intrinsic Value

The actual, fundamental value of an asset based on an understanding of its true characteristics, including all aspects of the business, in terms of both tangible and intangible factors.

Option

A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at a specified price on or before a certain date.