Which of the Following Is a First-Mover Advantage for a Technology

question 63

Multiple Choice

Which of the following is a first-mover advantage for a technology innovator?

• A)Being able to charge a premium price
• B)Letting someone else work out all the bugs
• C)Having an infrastructure ready to support the technology
• D)Being able to take advantage of complementary products
• E)Having a ready-made customer base

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Definitions:

Secured

Protected against threat or harm, or in financial terms, backed by collateral.

Venture Capitalist

An investor who provides capital to start-up companies or supports small companies that wish to expand but do not have access to equities markets.

Finance Manager

A professional responsible for managing the financial health of an organization, including planning, organizing, controlling, and monitoring financial resources.

Borrower

An individual or organization that takes something, especially money, from another with the intention of returning it or its equivalent.