Which of the Following Is an Example of a First-Mover

question 33

Multiple Choice

Which of the following is an example of a first-mover advantage?

• A)The ability to create switching costs that tie customers into one's products or services
• B)The avoidance of pioneering costs that a later entrant into the foreign market has to bear
• C)The increased probability of surviving in a foreign market
• D)The opportunity to observe and learn from the mistakes of other entrants
• E)The ability to let later entrants ride ahead on the experience curve

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Definitions:

Basaltic Volcanism

Volcanic activity characterized by the eruption of basalt, a type of dark, fine-grained igneous rock.

Youngest Seafloor

Those parts of the oceanic crust that have most recently formed at mid-ocean ridges due to seafloor spreading.

Deepest Seafloor

The deepest parts of the ocean floor, often found in trenches and abyssal plains, with the Mariana Trench being the deepest known point.

Hot Spots

Locations on the Earth's surface that have experienced extensive volcanic activity, typically situated above a stationary plume of hot mantle material.