Sony was a pioneer in the portable music market segment. Sony's Walkman was an innovative product which created a new category altogether and made Sony a technological leader. This gave the company an edge over other consumer electronics brands that introduced portable music players for a very long time. In this example, Sony had the:
A. vertical integration advantage.
B. purchasing power parity advantage.
C. free-rider advantage.
D. first-mover advantage.
Answer: D. first-mover advantage.
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In general, ________ samples represent populations better than do ________ samples
A) heterogeneous; homogeneous B) homogeneous; heterogeneous C) smaller; larger D) larger; smaller Fill in the blank with correct words.
Many argue that by acting as a safety valve against poor, factious, or tyrannical legislation, the Supreme Court might actual make unwanted legislative outcomes more likely. This is described as the problem of ______.
a. ethical constraint b. moral hazard c. unforeseen security d. adapted judicialism
Advances in medicine have led to increases in health care costs
Indicate whether the statement is true or false.
President Lyndon Johnson signed into law the ________, which banned racial discrimination in all public accommodations, including those that were privately owned
A) black codes B) Jim Crow Laws C) Civil Rights Act of 1964 D) Voting Rights Act of 1965 E) grandfather clause