A First-Mover Advantage Comes from Being First to Exploit a Niche

question 95

True/False

A first-mover advantage comes from being first to exploit a niche or enter a market.

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Definitions:

Rail

A mode of land transport involving trains traveling on tracks, typically used for carrying goods and passengers.

Yellow Dog Contract

An employment agreement where the worker promises not to join a labor union during the term of employment, now illegal in many jurisdictions.

Union Workers

Employees who are members of a labor union, which represents their interests in negotiations with employers.

Employers

Individuals or organizations that hire and pay people to work for them, typically controlling the terms of employment.