Because When to Make a Strategic Move Can Be Just

question 66

Multiple Choice

Because when to make a strategic move can be just as important as what move to make, a company's best option with respect to timing is

• A) to be the first mover.
• B) to be a fast follower.
• C) to be a late mover (because it is cheaper and easier to imitate the successful moves of the leaders and moving late allows a company to avoid the mistakes and costs associated with trying to be a pioneer-first-mover disadvantages usually overwhelm first-mover advantages).
• D) to be the last mover-playing catch-up is usually fairly easy and almost always is much cheaper than any other option.
• E) to carefully weigh the first-mover advantages against the first-mover disadvantages and act accordingly.

---

Definitions:

Physical Characteristics

The tangible attributes or features of an object, person, or location that can be observed with the senses.

Labor Supply

The total hours that workers or employees are willing to work at a given wage rate, or the availability of workers available to work in an economy.

Flexible Manufacturing

A system that allows for easy adaptation to changes in product design and demand by using versatile equipment and computer systems.