What Are Advantages That Accrue to Early Entrants into a Business

question 123

Multiple Choice

What are advantages that accrue to early entrants into a business market referred to as?

• A) standard-class advantages
• B) first-mover advantages
• C) prime-mover advantages
• D) first-stage advantages
• E) early adopter advantages

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Definitions:

Like-kind Exchange

A tax deferment on the exchange of real property used for business or investment for another property of like kind.

Boot Received

Cash or other property added to a transaction to even out the exchange, which can have tax implications for the recipient.

Computer Equipment

Tangible assets including computers, servers, and other technology-related hardware used in the operation of a business or for personal use, subject to depreciation.

Business Auto

A vehicle owned by a company and used for business operations, which can include transportation of goods, services, or employees.