Which of the Following Is a First-Mover Advantage

question 22

Multiple Choice

Which of the following is a first-mover advantage? 

• A) Avoidance of clash with a dominant firm at home 
• B) Opportunity to free ride on second mover investments 
• C) Resolution of technological and market uncertainty 
• D) No difficulty in adapting to market changes

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Definitions:

External Consultants

Experts hired from outside an organization to provide specialized knowledge, skills, or advice in specific areas.

Incentive Pay Systems

Compensation strategies used by organizations to motivate and reward employees beyond their regular salaries based on performance criteria.

Customer Focus

A strategic approach by businesses that prioritize the interests, needs, and satisfaction of customers in their planning, product development, and service delivery.

Employee Surveys

Tools used by organizations to gain feedback from employees regarding their feelings and perceptions about the work environment, culture, and processes.