Question : 101.Which of the following best exemplifies a first-mover advantage? A. Venus Inc. has : 1299230

101.Which of the following best exemplifies a first-mover advantage? 

A. Venus Inc. has more than 50 percent market share in the telecom industry, because no other company had invested in this industry before Venus Inc.

B. Maya won a cash discount of 75 percent on the latest NewY phone as she was the winner of a competition conducted by NewY.

C. The level of satisfaction Simon experienced when dining at the Emerald’s Inn was greatest the first time, and thereafter it reduced each time he dined there.

D. Innovative Creations Inc. was the first to exit the declining pager phone manufacturing industry and as a result, it avoided losing a lot of money.

E. Product critiques are extremely respected by major firms, as they are the first ones to review new products and services.

102.Handicaps experienced by an organization because of entering into a market after several other companies who have already established their brands in the market, are referred to as _____.  

A. secondary disadvantages.

B. last-class disadvantages.

C. late-mover disadvantages.

D. last in first out disadvantages.

E. comparative disadvantage.

103.Which of the following is most likely to be an advantage that first-movers tend to have relative to last-movers?  

A. Lower advertising costs

B. Greater brand loyalty

C. Lower innovation costs

D. Lower infrastructure development costs

E. Lower switching costs

104.When Galaxy Ventures, a real estate company, entered the low cost housing business, the market was already saturated with other players. Thus, the company was forced to exit the market due to lack of customer loyalty and substantial dividends. Which of the following is a term used to described the situation faced by the company?  

A. First-mover disadvantages

B. Last-mover disadvantages

C. Last-in first-out disadvantages

D. Comparative disadvantages

E. Absolute disadvantages

105.Both China and India have achieved high growth rates despite relatively weak property rights regimes and high levels of corruption, because of:  

A. the shift toward a communist ideology.

B. their high living standards.

C. their large population.

D. their high consumer purchasing power.

E. the shift toward a market-based economic system.

106.Which of the following statements is most likely to be true about the economic prospects of a country?  

A. The economic system and property rights regime are reasonably good predictors of economic prospects of a country.

B. Countries with command economies tend to achieve greater economic growth rates than free market economies.

C. Countries which do not provide any protection for property rights tend to achieve greater economic growth rates than the countries in which property rights are protected.

D. The countries where property rights are not well respected and where corruption is rampant always have very low levels of economic growth.

E. The advantages of building brand loyalty and gaining experience in a country’s business practices is greater for a last-mover than for a first-mover.

107.The cost of doing business is most likely to be the lowest in:  

A. closed totalitarian states.

B. primitive or undeveloped economies.

C. open democratic societies.

D. countries where local laws and regulations set strict standards with regard to product safety, safety in the workplace, and environmental pollution.

E. countries that lack well-established laws for regulating business practice.

108.Star Volans Inc. is planning on expanding its business globally. In terms of the costs involved in conducting business in a country, it will be most economical for the company if it chooses a country:  

A. with a closed totalitarian political system.

B. where the company will have to provide its own infrastructure and supporting business.

C. where laws regarding product safety, safety in the workplace, and environmental pollution are extremely stringent.

D. where politicians are held accountable by the electorate.

E. with no local laws to protect intellectual property.

109.In the context of cost, which of the following can be considered as the most attractive market or investment site?  

A. A country that has adopted a closed totalitarian state

B. A country that has a well-developed body of business contract law

C. A country with a command-based economic system

D. A country with stringent product safety laws and huge liability insurance rates

E. A country in which does not provide any protection for property rights

110.A company has business interests in a country where the President-elect wants the country to adopt socialism and protectionism. Consequently, the company will be concerned about the _____ risks of continuing to do business in that country.  

A. technological

B. psychographic

C. political

D. operational

E. demographic