Which of the Following Is Not One of the Benefits

question 15

Multiple Choice

Which of the following is not one of the benefits that first movers enjoy?

• A) Earlier benefits from economies of scale
• B) Ability to create customer switching costs
• C) First to obtain brand loyalty
• D) Ability to accumulate knowledge about the market
• E) Lower pioneering costs

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Definitions:

Language Acquisition Device

The Language Acquisition Device is a theoretical construct proposed by linguist Noam Chomsky, suggesting an innate mechanism or ability in the human brain that allows infants to acquire language.

Assimilation

The process by which individuals or groups adopt the culture and norms of another society, often losing their original identity.

Accommodation

In psychology, the process by which individuals adjust their cognitive structures to integrate new information.

True Dialogue

A form of communication that involves open, honest, and respectful exchange of ideas and opinions, emphasizing understanding and empathy.