The chief disadvantages of being a first mover is:
A) the high degree of risk.
B) the high level of competition in the new marketplace.
C) an inability to sustain a sustained competitive advantage.
D) the difficulty of obtaining new customers.
Correct Answer:
Verified
Q20: Ability refers to an attacking or responding
Q22: Firms in a slow-cycle market are shielded
Q22: First movers are:
A)individuals who lead in the
Q23: A second mover is a (an):
A) firm
Q28: Unlike fast-cycle markets,the struggle for market share
Q29: Firms with fewer resources are less likely
Q30: Compared with standard-cycle firms,fast-cycle firms have little
Q31: It is much easier for a competitor
Q52: Intensified rivalry within an industry results in:
A)
Q53: Multimarket competition occurs when firms:
A) sell different
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