Magnitude Inc

question 40

Multiple Choice

Magnitude Inc.was the first company to introduce a video gaming console in the market.However,consumers were uncertain about the product,and its high costs discouraged consumers from purchasing it.Eventually,Magnitude withdrew the product from the market.A few years later,Mantel Corp.and Adventura Inc.came up with their respective gaming consoles and successfully established their products.In this scenario,Mantel and Adventura would be considered:

• A) pioneers.
• B) early followers.
• C) laggards.
• D) late movers.

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Definitions:

Research And Development (R&D) Center

A facility or department dedicated to investigating and developing new products, processes, or technologies.

Gross Domestic Product (GDP)

The total market value of all goods and services produced within a country in a given period, often used as an indicator of the economic health of a country.

Skills Shortage

A situation where the demand for a specific skill set exceeds the supply of individuals with those skills within a labor market.

Global Talent

Highly skilled professionals who are sought after worldwide for their expertise and ability to contribute significantly to various sectors and industries.