Which of the following is a competitive benefit experienced by the first mover firm in an industry?
A. The first mover will be able to reduce the switching costs.
B. The first mover will be able to achieve a less steep learning curve.
C. The first mover will not have to patent its products or technology.
D. The first mover will be able to reduce costs through economies of scale.
Answer: D
You might also like to view...
The gross price method highlights sales discounts taken and the net price method highlights sales discounts NOT taken
Indicate whether the statement is true or false
Internet is not a suitable channel for engaging in interactive marketing
Indicate whether the statement is true or false
Estimating a population percentage is done when the variable is scaled as:
A) average B) categorical C) mean D) metric E) large
The most important influence on any organizational culture is ______.
a. the behavior of the organization’s leader b. the cultural values of the behind-the-scenes employees c. what the guest expects d. managerial instructions to employees