A First-Mover Advantage Comes From

question 33

Multiple Choice

A first-mover advantage comes from:

• A) making improvements to existing product lines.
• B) being the first to exploit a niche or enter a market.
• C) being the first to take a free-ride on the opportunity created by a pioneer.
• D) the ability to poach trained personnel from an established business.
• E) taking risks while strategizing to improve an existing market.

Describe the impact of organizational structure on decision making and flexibility.

Recognize the challenges associated with different organizational structures.

Differentiate between the types of structures based on departmentalization criteria (geographic, product, customer).

Understand the process and importance of job descriptions in an organizational context.

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Definitions:

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The capital and largest city of the state of Oklahoma in the United States.

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The formal acknowledgment by one state of another state or government as legitimate and sovereign.

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The executive branch of the U.S. government from 1993 to 2001, under President Bill Clinton, notable for economic prosperity and several domestic and international policy achievements.

Communist Ideology

A socio-political ideology that advocates for a classless society in which all property and wealth are communally owned.