Company a Entered the Production of Office Software Before Its

question 68

Multiple Choice

Company A entered the production of office software before its competitors. Because of this, the company's products are more familiar among and favored by customers. This situation exemplifies the

• A) first-mover advantage.
• B) diminishing marginal returns.
• C) economies of scale.
• D) constant marginal returns.

---

Definitions:

Memory Engram

A hypothetical unit or physical substrate within the brain theorized to store memories, encompassing the changes in neural networks that represent a single memory.

Long-Term Memory

The phase of memory responsible for storing information for extended periods, ranging from days to a lifetime.

Declarative Memory

The type of long-term memory that involves the capacity to recall factual information, experiences, and concepts.

Cerebral Cortex

The outer layer of the cerebrum in the brain, involved in high-level functions such as thought, memory, and consciousness.