Market Conditions and Factors That Tend Not to Favor First

question 71

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)when technology is not rapidly evolving and buyers' expectations are not likely to be subject to change.

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Definitions:

Trademark Law Revision Act

Legislation that amended existing trademark laws to provide better protection and enforcement mechanisms for trademark owners.

Significant Improvements

Major enhancements or upgrades to products, services, processes, or systems that markedly improve performance or value.

Coca-Cola

A multinational beverage corporation best known for its flagship carbonated soft drink, Coca-Cola.

Trademark

An emblem, expression, or sequence of words legally recognized or adopted through practice to symbolize a firm or merchandise.