Late Movers Are Those Firms That

Multiple Choice

Late movers are those firms that

A) wait to act for a long period of time after the second movers have responded.
B) respond to a first mover's competitive action often through imitation or a move designed to counter the effects of the action.
C) take an initial competitive action (either strategic or tactical) .
D) typically achieve higher-than-average returns because they can imitate the most efficient actor.