Which of the Following Statements About Pioneers,second-Movers,and Followers Is FALSE

question 21

Multiple Choice

Which of the following statements about pioneers,second-movers,and followers is FALSE?

• A)A pioneer is the first to market with a new product idea.
• B)On average,pioneers are usually more profitable than followers.
• C)Second-movers typically have a strong customer focus.
• D)Second-movers that respond quickly build market share in the market growth stage.

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Definitions:

Accounts Payable

The amounts owed by a business to its suppliers or creditors for goods and services received on credit.

Noncompete Clause

A provision often included in a contract to purchase a business that restricts the seller from entering the same type of business within a specified area for a certain amount of time.

Intellectual Property Contract

A legal agreement that outlines the terms of use, distribution, and ownership of intellectual property between two parties.

Similar Business

A company that operates in the same industry or offers similar products or services as another business.