Which of the Following Is an Advantage of Being a Late

question 12

Multiple Choice

Which of the following is an advantage of being a late entrant into a market?

• A) Late entrants are the first to capture scarce resources.
• B) Late entrants often do not have to invest in exploratory research.
• C) Late entrants often are most likely to capitalize on monopoly rents.
• D) Late entrants are unaffected by switching costs.

---

Definitions:

Performance Orientation

A focus on achieving success and demonstrating competence in task performance.

Fear of Failure

The intense worry or dread of not meeting a set standard of performance or not achieving success.

Drive Accounts

Explanations that attribute behavior to internal states of arousal or need that propel individuals towards specific goals.

Approach Accounts

Theories or explanations that focus on the reasons or motivations behind individuals moving towards a goal or object.