​When You Open an Organic Food Store,you Intend to Follow

question 113

Multiple Choice

​When you open an organic food store,you intend to follow a second mover strategy.Choose the benefit(s) of this approach.

• A)​You can observe and avoid the mistakes of Whole Foods and other innovative retailers.
• B)​You can be the first to enter this market.
• C)​You may be able to improve upon the innovations of first movers.
• D)​You can promote this strategy in your advertising.
• E)​Second movers can charge less than first movers.

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Definitions:

Theoretical Framework

A structure of concepts, theories, and propositions that provides a comprehensive explanation of a phenomenon or guides research and practice.

Servant Leadership Approach

A leadership philosophy in which the leader’s main goal is to serve others, prioritizing the well-being of their team members and encouraging their growth.

Leader Courage

The attribute of leaders that enables them to confront fear, pain, danger, uncertainty, or intimidation within their leadership roles.

Humility

A personal quality characterized by a lack of arrogance or pride and a recognition of one's limitations and the value of others.