In Which of the Following Cases Are Late-Mover Advantages (Or

question 52

Multiple Choice

In which of the following cases are late-mover advantages (or first-mover disadvantages) NOT likely to arise?

• A) When the costs of pioneering are much higher than being a follower and only negligible learning/experience benefits accrue to the pioneer
• B) When the marketplace is skeptical about the benefits of a new technology or product being pioneered by a first-mover
• C) When the pioneer's products are somewhat primitive and are easily bested by late movers
• D) When opportunities exist for a blue-ocean strategy to invent a new industry or distinctive market segment that creates altogether new demand
• E) When technological change is rapid and fast-following rivals find it easy to leapfrog the pioneer with next-generation products of their own

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Definitions:

Acceptable Practices

Established norms or standards of behavior that are considered to be appropriate and acceptable within a specific field or context.

Business Practices

The methods, strategies, and procedures employed by companies in the design, production, marketing, and sale of their products and services.

Sherman Act

A United States antitrust law passed in 1890 that outlaws monopolistic practices and promotes competition.

Trusts

Legal arrangements where one party, known as the trustor, grants another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary.