When a Company Is the First to Market with a Competitive

question 102

Multiple Choice

When a company is the first to market with a competitive advantage,this is called a first-mover advantage.All of the following companies were first-movers except ____________.

• A)FedEx - the online self-service software.
• B)Apple - iPad.
• C)Apple - iPod.
• D)Microsoft - Bing Search Engine.

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Definitions:

Price-Level-Adjusted Currency

Currency whose value is adjusted according to changes in a price index, to account for inflation or deflation.

Specific Currency

A particular currency chosen for financial transactions or accounting purposes.

Foreign Exchange

The trading and conversion of different national currencies, as well as the global marketplace where such transactions occur.

Fair Value Adjustment Account

An accounting ledger that reflects adjustments made to ensure assets and liabilities are reported at their fair market value.