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.

Explain the diminishing marginal utility of wealth and its implications for financial decisions.

Identify factors contributing to market risk and their impact on investment portfolios.

Understand and evaluate offers and terms related to saving accounts and financial investments.

Understand the principles of the efficient market hypothesis (EMH) and its implications for stock prices and investors' actions.

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Definitions:

Glottochronology

A method of estimating the time at which languages diverged from a common ancestor, based on the rate of vocabulary changes.

Displacement

A term referring to things and events removed in time and space.

Linguistic Relativism

The concept that the structure and vocabulary of a language influence its speakers' perception and categorization of the world.

Contrasting Tones

Employing distinctly different pitches, colors, or attitudes in speech, writing, art, or music to highlight differences or create effects.