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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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A single branch of Simpson Shoes has been operating since 1917. A new marketing team member suggested they look into Local Inven
fenix001 [56]

Answer: The correct option is:

In Google search from a device within 30 miles (48 km) of the Simpson Shoes location.

Explanation: When using Local Inventory ads, the ads will appear within 30 miles (48 km) of the organization.

Google will render the ad to people who are searching for the products and services that the organization has available in stock.

Therefore, Simpson Shoes Local Inventory ad will appear in Google search from any device within 30 miles (48 km) of the Simpson Shoes location.

3 0
3 years ago
Read 2 more answers
Please dont just answer for points
Temka [501]
I think the answer is A, only speaking from practical experience though!
7 0
3 years ago
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American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff or a quota
Ugo [173]

Answer:

Quota is preferred by the Chinese apparel manufacturers.

Explanation:

The reason is that the China has an competitive advantage of less costly workers and also that they are highly competitive in terms of prices. Usually the quality of American’s products are far much better in quality and technology. This means if the tariffs are imposed on Chinese products then their are huge revenue losses to Chinese apparel manufacturers. Whereas quota will enable them to sale their products to America which shows lower revenue losses.

So quota is far much better for Chinese manufacturer’s in case if America decides to use protectionist approach, I mean America decides to imposed trade barriers for Chinese companies to protect American companies.

7 0
3 years ago
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You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000
vlada-n [284]

Answer: 81.1 months

Explanation:

You can use the NPER function on Excel to calculate this:

Rate = 7%/12 months = 7%/12

Pmt = -3,000 to represent the monthly deposit

FV = 310,000

Number of months should be: 81.1 months

5 0
3 years ago
What are the two
Degger [83]

Answer:

The two types of personal financial statements are the personal cash flow statement and the personal balance sheet. ... A personal balance sheet summarizes your assets and liabilities in order to calculate your net worth.

Explanation:

7 0
3 years ago
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