Which of the Following Is a First-Mover Advantage

question 94

Multiple Choice

Which of the following is a first-mover advantage?

• A) Lower research and development costs and marketing costs than other firms
• B) Ability to preempt rivals and capture demand by establishing a strong brand name
• C) Ability to capitalize on the work done by other firms
• D) Creation of innovative products at lower costs than other firms

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Definitions:

Minimum-wage Laws

Regulations established by government mandating the lowest hourly rate that can be paid to an employee by employers.

Micro-management

An excessive control or attention on minor details, often in a managerial context, limiting the autonomy of employees.