The Risks of Being a First Mover Include Each of the Following

question 8

Multiple Choice

The risks of being a first mover include each of the following except

• A) the high cost of pioneering EC initiatives.
• B) the chance that a second wave of competitors will eliminate a first mover's lead through lower cost and innovation.
• C) the risk that the move will be too late.
• D) over the long run, first movers being substantially less profitable than followers.

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Definitions:

Class-Consciousness

The awareness and sense of belonging to a specific social class or economic group, often related to one's position and interests within the structure of society.

Exploited Class

A social group that suffers from exploitation by being forcefully deprived of accessing the full value produced by their labor, often discussed in the context of Marxist theory.

Bourgeoisie

Owners of the means of production, including factories, tools, and land. They do not do any physical labor. Their income derives from profits.

Means of Production

The resources—including tools, factories, and land—required to produce goods and services.