Marine Systems was the first company to develop an inventory management software specifically for hotels and restaurants.Soon after Marine Systems launched its product,Unicorn Systems developed a similar software.The software developed by Unicorn Systems outperformed the one developed by Marine Systems,and it eventually became the market leader.In this scenario,Unicorn Systems is an example of a(n) _____.
A) first pioneer
B) late mover
C) early follower
D) eccentric laggard
Correct Answer:
Verified
Q2: A firm intending to refine an earlier
Q3: Doven Inc.pioneered software development in the 1970s
Q4: All pioneers face customer uncertainty.
Q5: Late entrants typically bear the bulk of
Q6: Many start-up firms demise because new innovations
Q8: Early followers enter the market only after
Q9: In industries that have increasing returns to
Q10: Early leaders are firms that are the
Q11: If the aspects that customers have come
Q12: In an industry characterized by increasing returns
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