A second mover is a(n):
A)firm that responds to a first mover's competitive action, often through imitation or a move designed to counter the effects of an action
B)firm that leads a competitive action in an industry
C)individual who imitates others in an industry to ensure career progress
D)individual who moves from a declining industry to a newly expanding industry

Question

Quizplus · Accepted Answer

A second mover is a firm that responds to a first mover's competitive action, often through imitation or a move designed to counter the effects of an action. This allows the second mover to benefit from the first mover's investments and learn from their mistakes, while still being competitive in the market.

A Second Mover Is A(n)