Company a Entered the Production of Office Software Before Its

question 68

Multiple Choice

Company A entered the production of office software before its competitors. Because of this, the company's products are more familiar among and favored by customers. This situation exemplifies the

• A) first-mover advantage.
• B) diminishing marginal returns.
• C) economies of scale.
• D) constant marginal returns.

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Definitions:

Profit-Sharing Incentive

A compensation strategy where employees receive a share of the company's profits, motivating them to contribute to its success.

Broad View

An approach or perspective that considers a wide range of factors, implications, or possibilities.

Organization Effective

Measures the success with which an organization achieves its intended outcomes, through efficient resource utilization and strategic goal achievement.

Balanced Scorecard

A system for strategic planning and management that aligns organizational activities with its vision and strategy, enhances communication both internally and externally, and tracks the organization's performance in relation to its strategic objectives.