What are the competitive benefits that first movers in an industry experience?

What will be an ideal response?


Successful innovators can benefit from a number of first-mover advantages, including economies of scale as well as experience and learning curve effects. First movers may also benefit from network effects. Moreover, first movers may hold important intellectual property such as critical patents. They may also be able to lock-in key suppliers as well as customers through increasing switching costs.

Business

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Accounting for other postemployment benefits is similar to accounting for defined contribution pension plans.

Answer the following statement true (T) or false (F)

Business

According to the text, the typical focus group costs the client about ________

A) $400 B) $2,000 C) $4,000 D) $6,500 E) $10,000

Business

According to the social facilitation effect, a person will run ____ when ______.

a. Faster; other people are around b. Faster; by him/herself c. Slower; other people are around d. Faster; s/he will receive a reward

Business

Which of the following is not typically involved in servant leadership training?

A. self-assessment exercises B. educational sessions C. visualization D. goal setting

Business