Multiple Choice
Late movers are those firms:
A) that do respond to a competitive action but only after considerable time has elapsed after the first mover's action and the second mover's response.
B) that respond to a first mover's competitive action often through imitation or a move designed to counter the effects of the action.
C) that take an initial competitive action (either strategic or tactical) .
D) that stay in a declining industry.
Correct Answer:
Verified
Correct Answer:
Verified
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