What is usually associated with being the first mover? a. low market share and l

Question

What is usually associated with being the first mover? a. low market share and lower profits b. low market share and higher profits c. high market share and lower profits d. high market share and higher profits 4. When DEKA Research developed its IBOT wheelchair, it had to create its own ball bearing because no other company could supply it. What late mover advantage could be realized after other suppliers figured out how to create the ball bearings? a. benefit from the ability to free ride on investments that the first mover makes in creating supply infrastructure and distribution channels b. design of products that corrects the mistakes that the first mover made in meeting 5. customer demand c. leapfrogging ahead of the first mover's technology d. benefit from the investments in R&D; that the first mover has made

Explanation / Answer

Dear student, only one question is allowed at a time. I am answering the first question

4)

First mover is the person or organization who identifies a market opportunity in the form of a product or service and offers it before anyone else does. The advantages of being a first mover is the people recognize the first mover before any other organization and so the first mover gets a higher market share and a higher profit

So, as per above discussion, option d is the correct option

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