A First-Mover Advantage Occurs by Exploiting a Niche or Entering

question 250

True/False

A first-mover advantage occurs by exploiting a niche or entering a market before competitors.

---

Definitions:

Qualified Pension Plan

A retirement plan that meets specific IRS guidelines to offer certain tax advantages, such as tax-deferred growth on earnings within the plan.

Annuity

An investment instrument offering a series of regular payments to a person, usually implemented as a component of retirement planning.

Coverdell Education Savings Account

A tax-advantaged savings account designed to pay for education expenses from kindergarten through post-secondary.

AGI

Stands for Adjusted Gross Income, which is an individual's total gross income minus specific deductions allowed by the IRS, important for determining taxable income.