If a Start-Up Pioneers an Industry or a New Concept

question 11

Multiple Choice

If a start-up pioneers an industry or a new concept within an industry, the name recognition the start-up establishes may create a formidable nontraditional barrier to entry referred to as a:

• A) unique business model
• B) aggressive supremacy
• C) competitive superiority
• D) first-mover advantage
• E) aggressive tactical advantage

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Definitions:

Archipelago

A group or chain of islands clustered together in a sea or ocean.

Hot Spot

In geology, a hot spot is a location on the Earth's surface that has experienced volcanic activity due to a plume of hot material rising from deep within the Earth's mantle.

Geological Processes

Natural dynamic actions or events that result in the physical modification of the earth's surface, including erosion, sedimentation, and volcanic activity.

Fossilized

Fossilization refers to the process by which organic material is replaced by minerals, turning remains into stone over geological time.