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noname [10]
3 years ago
11

Which of the following is an advantage of first movers? Group of answer choices they are not prone to mistakes they have an oppo

rtunity to exploit network effects and positive feedback loops they bear lower pioneering costs than later entrants do they only invest in the latest technology
Business
1 answer:
joja [24]3 years ago
6 0

Answer:

they have an opportunity to exploit network effects and positive feedback loops

Explanation:

The first mover advantage refers to competitive advantages that can be achieved by a firm that first enters a market or launches a new product first. E.g. Volkswagen has a first mover advantage in China because it was the first foreign car manufacturer to successfully a car factory there. Another type of first mover advantage would be the ones obtained by Apple for launching the first smartphone.

Network effects refers to a good or service becoming more valuable because more people purchase or use them, e.g. social media apps.  

Positive feedback loops occurs when a company's output is used as a positive input in the productive system, e.g. when a company uses information gathered by customer service (CRM) to improve the products or services it offers.

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Ace Deliveries, a courier service provider, built a strong reputation over a short period of six months. Inundated with customer
marysya [2.9K]

Answer:

both revenue-oriented and operations-oriented

Explanation:

revenue-oriented pricing can be understood the strategic price level that the producers set to maximize the amount of profit they earn. As it can be seen from the given passage, the company starts noticing more about the earnings, so that they decided to cut down on the discount offering to the customers and set higher price. By that, it can help raise the revenue of the company.

Meanwhile,  operations-oriented pricing is price strategy that the company adopts to optimize productive capacity as well as the efficiency of the manufacturing procedure. This is indicated in the actions of expanding fleet of vans and enlarge delivery networks of the company to raise the productivity.

6 0
3 years ago
The adjusted trial balance of Parsons Company at December 31, 2020, includes the following accounts: Common Stock $15,600, Divid
g100num [7]

Answer:

$12,200

Explanation:

Preparation of an income statement for the year.

PARSONS COMPANY Income Statement

For the year ended December 31,2020

Service Revenue $37,000

Expenses:

Salaries and wages $16,000

Insurance Expense $2,000

Rent Expense $4,000

Supplies Expense $1,500

Depreciation Expense $1,300

Total Expenses $24,800

Net Income $12,200

($37,000-$24,800)

Therefore income statement for the year is $12,200

8 0
3 years ago
Although most alexandria staff are voracious readers, no one has read all of the books sold by alexandria and most know some are
Mila [183]

Identify a rich directory and hyper-social knowledge management as the best system to make Alexandria's employees' knowledge accessible. These are the best ways to share employee expertise.


8 0
3 years ago
Death of a salesman could fairly be called a modern tragedy because:
son4ous [18]
Death of a Salesman by Arthur Miller can be considered a modern tragedy because it gives example of the tragic consequences that are a result of the protagonist dedicating his life to the ideal of the american dream. his attachment to superficial aspects of success doom him to a tragic failure and disillusionment. 
7 0
4 years ago
The supply of a product normally decreases if ?
UNO [17]

Answer:

the price of the product increases

Explanation:

the high the price of the commodity the lower the quality demanded

7 0
2 years ago
Read 2 more answers
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