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earnstyle [38]
1 year ago
8

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

brainly.com/question/20714310

#SPJ4

You might be interested in
In your computer repair business, it takes an employee 40 minutes to remove a virus. The employee is paid $14 per hour. What is
DerKrebs [107]

Answer:

$9.34

Explanation:

Provided that,

Time takes for removing the virus = 40 minutes

Paid per hour = $14

We know that 1 hour has 60 minutes so 40 minutes would be equal to

= 40 minutes ÷ 60 minutes

= 0.67

So, the direct cost of this service would be]

= Paid per hour × time taken

= $14 × 0.6667

= $9.34

We simply multiplied the paid per hour by the time taken so that the direct cost could find out

5 0
3 years ago
As an MNC (multinational corporation) seeks to balance and honor the ethical standards of both the home and host countries, conf
sergeinik [125]

The manager should analyze the legal and ethical differences of home country compared to the host country and<u> develop a strategy that is beneficial to the company and does not clash with the ethical and legal parameters of the host country.</u> It is important to analyze each area that may affect the company, such as government, employee, supplier, investor and customer protectionism, and to analyze common ethical, legal and cultural standards for stakeholders and then develop policies and standards that do not negatively influence the country.

Hypernormas are very effective in solving these possible conflicts, as they guide the lowest-level norms to the highest-level ones, which are those related to fundamental principles for humanity. Which is effective to guide management in an international market.

6 0
3 years ago
On April 1, Otisco, Inc. paid Garcia Publishing Company $1,548 for 36-month subscriptions to several different magazines. Otisco
SSSSS [86.1K]

Answer:

advertizing expense 387 debit

    prepaid expense       387 credit

--to record expired advertizing at year-end ---

Explanation:

1,548 is the value of 36 months

from April to December 31th 9 months has expired thus:

1,548 x 9/36 = 387 expired advertizing

we will decrease our prepaid and post the advertizing expense for the expired amount

the prepaid is considered an asset as we have the right to receive advertize of our product and brand for the term of the contract thus, to decrease it we credit

the expense as decrease our equity will be debited

4 0
3 years ago
What is a major function of both retail and business banks?
IRISSAK [1]

Answer:

C.

Explanation:

Retail banking is a banking system that deals directly with retail consumers. Retail banking is responsible for providing financial aid to the general population. The major function of retail banking includes providing financial aid, checking and savings accounts.

Business banks, on the other hand, are also a part of the banking industry. It specifically deals with corporates and businesses, ranging from small-sized businesses to large-sized corporates. The major function of corporate banking or business banking is also to provide financial aid, checking and savings accounts.

Therefore, option C is the correct answer.

5 0
3 years ago
The company town, in which a major employer builds homes and commercial buildings, and provides the goods and services needed by
yulyashka [42]

Answer:

A) True

Explanation:

Paternalistic social responsibility refers to acts whereby managers provide for the essential needs of the employees such as providing them with accommodation facilities along with satisfying other needs such as food.

Henri Ford was among the first initiators of such a responsibility when he provided health programs and recreational services to his employees.

Building town homes with provision for food by employer is an example of paternalistic social responsibility.

6 0
3 years ago
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