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BARSIC [14]
3 years ago
5

What do new trade theorists point to as the reason for gaining a first-mover advantage? Multiple Choice supply conditions govern

ment policy factor endowments innovation and luck tariff and nontariff barriers
Business
2 answers:
Luba_88 [7]3 years ago
7 0

Answer:

The answer is Innovation and luck

Explanation:

In Business, we identify first movers and the fast followers. The first movers are those who identify a new market segment or a new market opportunity in the prevailing market and moves in first.

The move is risky. There is the risk of product failure and the risk of customers rejecting the new product / service yet the higher risks bear high returns.

If the customers accept the product or if the first movers can quickly respond to the market movements, the momentum can be sustained and the followers will not be able to challenge the first mover.

This is mainly because te ability of the first movers to innovate after the initial entry into the new segment. Then the followers will have to copy yet the customer loyalty and the brand name is already established by then.

kkurt [141]3 years ago
5 0

Answer:

INNOVATION

Explanation:

First Mover Advantage is the gained competitive advantage due to being first  entrant in the market & hence occupying significantly powerful place in that market segment.

First Mover advantages can be : Economies of Scale, because of higher demand (strong loyal customer base) & streamlined supply processes (old supply chains & supplier's connections) etc.

Old Trade Theorists suggested Factor Endowments as a reason for acquiring First Mover Advantage. New theorists highlight that 'Innovation' plays the main role in today's Knowledge Economies & endogenous growth approach (focusing on human capital, innovation & knowledge) era. Example : Amazon gained first mover advantage in E Commerce as it was first pioneer of innovative idea of selling goods at online platform.  

You might be interested in
Aladdin Grocer's 2019 balance sheet shows average stockholders’ equity of $18,000 million, net operating profit after tax of $1,
tekilochka [14]

Answer:

B. Return on Equity =  3.17%

Explanation:

The return on common stockholder's equity is a profitability measure showing how much net return the company is providing on the equity invested by shareholders.

The equity of common stockholders is made up of Share capital and reserves. The common shares is just one part of equity.

To calculate the return on equity, the formula is:

Return on Common Equity = Net Income / Shareholder's Equity

Here, the Net income is 665 m while the shareholder's equity is 18000m.

Return on equity = 665 / 18000 = 0.0369 or 3.69% rounded off to 3.7%

So, B is the correct answer

6 0
2 years ago
If an oligopoly does not cooperate and each firm chooses its own quantity, the industry will produce a quantity of output that i
Whitepunk [10]

Answer:

a. less than; more than 

Explanation:

An oligopoly is when there are few large firms operating in an industry.

A competitive industry is when there are many buyers and sellers of homogenous goods and services.

A Monopoly is when there is only one firm operating in an industry.

An oligopoly firm can choose to cooperate with other firms in the industry or not cooperate.

If firms do not cooperate they produce more goods than if they cooperated. The quantity produced can never be as much as that of a competitive firm because the number of producers in an oligopoly is less than that in a competitive firm.

The output would be more than the quantity produced by a monopoly because the number of producers in an oligopoly is more than that in a monopoly.

I hope my answer helps you.

6 0
2 years ago
horizontal integration through m&a can help firms strengthen their competitive position by increasing the differentiation of
kotegsom [21]

Increased Differentiation is competitive position by increasing the differentiation of their product and service offerings.

What is Increased Differentiation?

The key characteristic(s) that set one company's goods or services apart from those of its rivals are referred to as that company's products. Successful product diversification increases sales and customer loyalty.

A product differentiation strategy includes identifying and outlining a company's or product's distinctive features as well as the most critical distinctions between it and its rivals. Creating a strong value proposition and unique selling concept for a product or service is essential to making it appealing to a target market or audience.

If done successfully, product diversification might provide the product's seller a competitive edge and eventually increase brand recognition. The quickest high-speed Internet connection and the most cost-effective electric car on the market are two instances of different commodities.

to learn more about Increased Differentiation click:

brainly.com/question/8107956

#SPJ4

4 0
1 year ago
1.2 Explain the concept of the labour market to a Grade 12 school-leaver. Give a
Marianna [84]

Answer:

The labor market is the phrase used to describe the supply of labor by employees and demand of labor by the employers as such there is an interaction between the workers and the employers where wage is paid to the workers by the employers for the labor the workers supplied

Being educated gives an employee the capacity to be more productive and gives an indication of the potential of prospective employees to recruiters and employers. Therefore, qualifications attained are an advantage when seeking employment alongside many several other job seekers

Therefore, a grade 12 school-leaver competing for a job alongside several others with similar or tertiary education is less likely to secure a desired job or vocation

However, with a tertiary education, such job seekers would more readily convince recruiters about their ability to satisfactorily perform their desired job

Explanation:

6 0
2 years ago
In an assembly operation at a furniture factory, six employees assembled an average of 450 standard dining chairs per 5-day week
BaLLatris [955]
I believe the answer would be C.
 Because you are dividing the dining chairs by the number of workers... That would give you the total amount of chairs that each worker assembled. Then you divide that by the 5 days and you would get the number of chairs that each worker assembled each day.

So, the answer would be C

  
7 0
3 years ago
Read 2 more answers
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