Although There Are "First-Mover Advantages" When It Comes to Bringing

question 105

Multiple Choice

Although there are "first-mover advantages" when it comes to bringing a new innovation to the market,there are also disadvantages.Which of the following is NOT one of these disadvantages?

• A) The firm builds a reputation as an innovator.
• B) Potential customers must be educated about the product.
• C) Distribution channels must be found.
• D) Complementary assets need to be located.

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Definitions:

Continuous Societies

Societies in which transitions to maturity, including work and other adult responsibilities, are slow and steady, resulting in little emotional storm and stress.

Emotional Storm

A intense period of strong and often overwhelming emotions, typically associated with difficult experiences or transitions.

Industrialization

The development and adoption of large-scale industrial production methods and the societal and economic shifts that accompany this transition.

Migration

The movement of people from one place to another with the intention of settling temporarily or permanently in the new location, often for economic, social, or environmental reasons.