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:

Nations

Nations are large groups of people who share a common identity, history, culture, or language, often possessing or seeking their own government and territory.

Free Labor Ideology

The belief that labor should be conducted freely and characterized by a fair exchange of work for wages, underpinning much of the anti-slavery movement in the United States before the Civil War.

Slave Labor

The coerced labor of enslaved individuals, without pay or personal freedom, used historically in various societies and economies worldwide.

Upper South

A region in the United States characterized by states that were historically part of the Confederacy but had mixed loyalties during the Civil War.