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1 year ago

First movers are? a. firms that take an initial competitive action. b. firms that are first to exit a declining indus

Business

1 answer:

hjlf1 year ago

8 0

First movers are firms that take an initial competitive action.

A service or product that enters the market first and captures a competitive advantage is known as a first mover. Being the first usually allows a business to build a strong brand awareness and client loyalty before rivals enter the market. Other benefits include having more time to perfect its offering and determining the new item's selling price.

Industry's first movers are virtually always followed by rivals looking to capture market share and capitalize on their success. The market share held by the first mover is frequently maintained because it has built a strong enough client base and a large enough market share.

Learn more about first mover here

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Answer:

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3 years ago

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A. Companies have the information they need to effectively satisfy wants and needs in the marketplace.

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3 years ago

During the current period, Department A finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were

antoniya [11.8K]

Answer:

A. $1,615

Explanation:

Provided information,

Total transferred units = 50,000

Opening units = 20,000 which were 1/5 th complete

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Therefore correct option is

A. $1,615

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3 years ago

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True

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3 years ago

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