Which of the Following Statements About Pioneers and Followers Is

question 87

Multiple Choice

Which of the following statements about pioneers and followers is FALSE?

• A) A pioneer is the first to market with a new product idea.
• B) On average, pioneers are usually more profitable than followers.
• C) Second movers typically have a strong customer-focus.
• D) Second movers that respond quickly build market share in the market growth stage.
• E) None of these choices is false.

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Definitions:

Financial Statement

A formal record of the financial activities of a business, person, or other entity, presenting its financial performance and position at a given point in time.

Specific Date

A particular day singled out from others because of its significance or relevance to an event or action.

Supplies on Credit

The acquisition of business supplies with an agreement to pay the supplier at a later date.

Accounting Equation

The fundamental equation of double-entry bookkeeping, stating that assets equal liabilities plus equity (Assets = Liabilities + Equity).