If a First Mover Does Not Have Complementary Assets,barriers to Imitation

question 13

Multiple Choice

If a first mover does not have complementary assets,barriers to imitation are high,and there are several capable competitors,the first mover should

• A) license the innovation to others.
• B) enter into a joint venture to protect the product.
• C) produce the product itself.
• D) sell the technology outright to another firm.
• E) wait until competitors develop an alternative product.

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Definitions:

Hormone

A regulatory substance produced in an organism and transported in tissue fluids such as blood to stimulate specific cells or tissues into action.

Bonding

The process of developing a close and emotionally significant relationship between individuals such as parents and their children, or between peers.

Recessive Gene

A type of gene that is not expressed in the phenotype unless two copies are present, one from each parent, as opposed to a dominant gene where only one copy is needed for expression.

Blue Eyes

A genetic trait characterized by the lack of melanin in the iris, resulting in blue-colored eyes.