According to the Miles and Snow typology,the prospector strategic type:
A)is likely to be the "first mover" in new-product market areas.
B)attempts to locate and maintain a secure niche in relatively stable product areas.
C)attempts to maintain a stable,limited line of products.
D)lacks a well-defined strategy.

Question

Quizplus · Accepted Answer

The prospector strategic type is known for being the "first mover" in new-product market areas, which means they are likely to take risks and invest in innovative ideas to gain a competitive advantage in the market.

According to the Miles and Snow Typology,the Prospector Strategic Type