In Which of the Following Instances Are First-Mover Disadvantages Not

question 42

Multiple Choice

In which of the following instances are first-mover disadvantages not likely to arise?

• A) When the costs of pioneering are much higher than being a follower and only negligible buyer loyalty or cost savings accrue to the pioneer
• B) When rivals are employing offensive strategies rather than defensive strategies
• C) When the products of an innovator are somewhat primitive and do not live up to buyer expectations
• D) When buyers are skeptical about the benefits of a new technology or product being pioneered by a first mover
• E) When rapid market evolution (due to fast-paced changes in technology or buyer preferences)gives fast followers and maybe even cautious late movers the opening to leapfrog a first mover's products with more attractive next-version products

Note the role and challenges of small businesses and entrepreneurs in the economy.

Recognize the dynamic and fast-paced nature of managerial work and the necessity for flexibility, teamwork, and speed in achieving strategic and operational goals.

Understanding the balance between effectiveness and efficiency in management.

Recognizing the importance of organizational objectives in guiding management processes.

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Definitions:

Reggio Emilia

An educational philosophy focused on preschool and primary education, emphasizing child-centered, self-directed learning.

Food Security

The state wherein all people have physical, social, and economic access to sufficient, safe, and nutritious food that meets their dietary needs and food preferences for an active and healthy life.

Decentering

A cognitive developmental process where an individual learns to consider multiple aspects of a situation rather than focusing on a single standpoint.

Transducing

The process of converting a signal or stimulus from one form to another, often used in the context of sensory input conversion by the nervous system.