A Disadvantage of Being a First Mover Is

question 27

Multiple Choice

A disadvantage of being a first mover is: 

• A) environmental instability.
• B) cost disadvantages.
• C) long lead time to gain knowledge.
• D) a limited market.

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Definitions:

Gamification

The application of game-design elements and principles in non-game contexts to engage and motivate people to achieve their goals.

Mastery

A high level of skill or knowledge in a particular subject or activity.

Frequency Marketing

A marketing strategy designed to reward customer loyalty by providing benefits or rewards based on the frequency of purchase or engagement.

Behavioural Learning Theory

A theory that explains learning in terms of observable behaviors, emphasizing the effects of external stimuli on one's actions.