In Which of the Following Instances Is Being a First-Mover

question 103

Multiple Choice

In which of the following instances is being a first-mover NOT particularly advantageous?

• A) when moving first with a preemptive strike makes imitation difficult or unlikely
• B) when first-time buyers remain strongly loyal to pioneering firms in making repeat purchases
• C) when early commitments to new technologies, types of components, or emerging distribution channels produce an absolute cost advantage over rivals
• D) when markets are slow to accept the innovative product offering of a first-mover, and fast followers possess sufficient resources and marketing muscle to overtake a first-mover
• E) when being a pioneer helps build a firm's image and reputation with buyers

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Definitions:

Negotiable Instrument

A written document guaranteeing the payment of a specified amount of money, either on demand or at a set time, with the payer named on the document.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, including sales of goods and secured transactions.

Mobile Devices

Portable computing gadgets, such as smartphones and tablets, that allow users to access, process, and manage information on the go.

UCC Article 4

A section of the Uniform Commercial Code that deals with bank deposits and collections, outlining the rights and liabilities of banks and their customers.