Which of the Following Is an Example of a First-Mover

question 126

Multiple Choice

Which of the following is an example of a first-mover advantage?

• A) The ability to capture demand by establishing a strong brand name
• B) The avoidance of pioneering costs that a later entrant has to bear
• C) The increased probability of surviving in a foreign market
• D) The opportunity to observe and learn from the mistakes of later entrants
• E) The ability to let later entrants ride ahead on the experience curve

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Definitions:

Perspective

A particular attitude towards or way of regarding something; a point of view.

Elementary School

An institution for early education that usually serves children from kindergarten through a grade that varies by region, often fifth or sixth grade.

Hierarchical Classification

A system of organization where entities are arranged in a graded order from broad to specific categories, often used in biology to classify organisms.

Seriation

The cognitive ability to arrange objects in order according to size, shape, or any other attribute.