The Risks of Being a First Mover Include Each of the Following

Multiple Choice

The risks of being a first mover include each of the following except

A) the high cost of pioneering EC initiatives.
B) the chance that a second wave of competitors will eliminate a first mover's lead through lower cost and innovation.
C) the risk that the move will be too late.
D) over the long run, first movers being substantially less profitable than followers.