By Being First to Market a Product,the Venture

question 38

Multiple Choice

By being first to market a product,the venture:

• A)can tends to lose customer loyalties to late entrants.
• B)loses out to switching costs.
• C)secures access to important sources of supply.
• D)can sell its products and services at a higher price.

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Definitions:

Elements

Fundamental components or parts in a set or system.

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed over a specific period of time.

Data Mining

The process of discovering patterns and knowledge from large amounts of data.

Useful Information

Information that is relevant and beneficial for understanding or solving a problem.