Market Conditions and Factors That Tend Not to Favor First

question 41

Multiple Choice

Market conditions and factors that tend not to favor first movers include

• A) growth in demand that depends on the development of complementary products or services that are not currently available and new industry infrastructure that is needed before buyer demand can surge.
• B) quick market penetration and strong loyalty among first-time customers.
• C) buyer behavior that is readily attracted to new technology or product features.
• D) conditions that make imitation difficult and absolute cost advantages that accrue to those who make early commitments to new technologies, components, or distribution channels.
• E) All of the above.

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Definitions:

Frequency Distribution

A table or graph that displays how often different values or categories occur in a dataset.

Histogram

A histogram is a graphical representation that organizes a group of data points into user-specified ranges, showing the frequency of data values within those ranges.

Frequency Polygon

A graphical representation of a frequency distribution where values are plotted on the x-axis and frequencies on the y-axis, connected by straight lines.

Frequency Distribution

A summary of how often each value in a set of data occurs, showing the pattern of data over a range.