Omega,Inc.,a maker of personal fitness trackers (like Fitbit) was the first mover into the country of Malnesia.As the first mover in a new product area,Omega,Inc.had to spend a lot of money educating the population of Malnesia about fitness and tracking one's fitness.In addition,they also had to spend money in developing a distribution channel.The costs that Omega,Inc.incurred in Malnesia as the first mover are called
A) retail costs.
B) competitive costs.
C) greenfield costs.
D) pioneering costs.
E) moving costs.
Correct Answer:
Verified
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