Answer: First-Mover Advantage
Explanation:
The FIRST MOVER is a SERVICE, PRODUCT or COMPANY that gains a COMPETITIVE ADVANTAGE by getting to a market first.
Advantages of this include being able to establish Strong Brand and Customer Loyalty before competitors come into the market and the opportunity of extra time to perfect marketing and production strategies to fully capitalise on market share.
First movers are usually followed by competitors immediately but more often than not, the first mover has established such a strong market share and a solid enough customer base that it maintains the majority of the market.
Answer:
The correct answer is Allocative efficiency.
Explanation:
Although there are different evaluation standards for the concept of allocation efficiency, the basic principle states that, in any economic system, the different options in the allocation of resources will produce both "winners" and "losers" in relation to the choice being evaluated. The principles of rational choice theory, individual maximization, utilitarianism and market theory assume, in addition, that the results for both winners and losers can be identified, compared and measured.
From these basic premises, the objective of maximizing the efficiency in the allocation can be defined according to some neutral principle in which some options are considered “objectively better than others”. For example, an economist might say that a change in policy increases the efficiency of allocation, as long as those who benefit from the change (winners) earn more than the losers lose.
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Answer:
Game theory
Explanation:
Game theory - it is model representation of negotiation, the conflict between the organization. This theory helps to know about the reason behind the implementation of theory and also help to understand the consequences of applied theory. The main objective behind the implementation of this theory is to know about positive outcomes that can benefit the parties competing with each other.
Answer:
virtual hosting is appropriate