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Building a Recognizable Brand, Gaining Customer Loyalty, and Setting the Standards

Question 41

Multiple Choice

Building a recognizable brand, gaining customer loyalty, and setting the standards for the industry are all potential benefits of being


A) the first mover in the market.
B) a follower in the market.
C) a late mover able to overcome barriers to entry.
D) a late mover in a market.

Correct Answer:

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