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miv72 [106K]
3 years ago
12

1. Is there an advantage to being a first mover? What drawbacks are there to pursuing first-mover advantage? Is Tesla pursuing a

first-mover advantage with their product launches?
Business
1 answer:
irina [24]3 years ago
6 0

Answer is given below :

Explanation:

Initial Benefits of Mover

  • Technical Innovation is the first proposer to see high-tech skills in the market while continuing to bring value to their companies. Therefore, later entrants will spend more time improving the product.
  • The first mover can also apply patents for its invention and technology. It is therefore even more difficult for new entrants to challenge the first proposal.
  • Conserving the required resources The first mover can control a lot of resources in the beginning. For example, they can oversee raw materials, experienced workers, early buyers, etc. However, unlike the first shipment, recent competitors do not have enough money, which makes it a challenge for them to succeed in the market
  • Increase switching costs The first shipping customer gets the rewards of changing costs, as consumers eventually change their purchasing policies. So with increasing switching costs, the first mover can benefit.

disadvantage of first mover

  • Customers are struggling to adapt to new technology because they are not sure if it works. After all, no one is at risk of trying something new.
  • Innovation is a high-risk task because it costs too much and can fail. Although first movers need to take a huge risk, they need to create something new to open up the market.
  • After successfully opening the market, they will have to face the pressure of potential competition as more and more consumers will try to copy their goods and make money from the market. And, in order to earn revenue in the industry, they have to deal with newcomers.

Finally for Tesla, yes. Tesla follows the advantage of the first mover as it focuses exclusively on the new market hybrid cars. Tesla has also released the Model 3, which will help Tesla gain a greater strategic advantage in the electric vehicle market.

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According to Hume, how can you prove that the future will resemble the past?
Lerok [7]
Answer
We cannot know that the future will resemble the past by means of demonstrative reasoning,since there is no contradiction in suggesting that the future will not resemble the past.
:) Hope this helps
3 0
3 years ago
Brenda is an interior designer. Before buying products for interior furnishing, she gathers information about the products manuf
Solnce55 [7]

Answer:

searching products by brand

Explanation:

Generally customers search products by brand or by attributes. When you search products by attributes you are looking for some specific product and you are not that interested about the brand of the product, e.g. you are searching for a dress and your emphasis is towards the design of the dress not the brand. When you search by brand, you assign a different value to each brand that you are searching, depending on which brands you like the most or feel more comfortable with.

In this case, Brenda probably has a very good idea about the products that each brand offers and depending on her clients will decide which brand's products to offer.

3 0
3 years ago
In may, the price of a pair of jeans was 250% of its wholesale cost. in june, the price was reduced by 25%. after an additional
Lorico [155]
We have to go backwards:
After the discount in July ( 50 % ), the cost of jeans is $25.50
So the price before this discount was 2 * $22.50 = $45
In June, the price was reduced by 25%.
45 ------------------75%
x --------------------100 %
45 : x = 75 : 100
45 * 100 = 75 x
4,500 = 75 x
x = 4,500 : 75
x = $60
Finally, in May the price was 250% of its wholesale cost.
60 ----------------- 250%
x -------------------100 %
60 : x = 250 : 100
6,000 = 250x
x = 6,000 : 250
x = $24
Answer: The cost of the jeans in the wholesale was $24.

4 0
3 years ago
Read 2 more answers
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alexdok [17]
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7 0
4 years ago
Why do you suppose the marketing of the tax shelters at KPMG grew so fast?
guajiro [1.7K]

Answer: c. Social learning theory

Explanation:

KPMG in 2005 were almost indicted for their role in convincing wealthy clients to deceive the US government into believing that they had suffered losses which helped them evade taxes through tax shelters.

The marketing of these tax shelters at KPMG spread fast due to the Social learning theory where people engage in behaviour that they observed others doing.

Employees at KPMG were encouraged to be team players and so when they saw their fellow workers marketing these products to the wealthy, they too wanted to market it.

4 0
4 years ago
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