A "Fast-Second Strategy" Means That a Dominant Firm in an Industry

Multiple Choice

A "fast-second strategy" means that a dominant firm in an industry

A) uses just-in-time inventory control methods to speed production.
B) cuts the development time for the introduction of a new product.
C) lets smaller firms initiate new products and then quickly imitates the success.
D) merges with the second largest firm in the industry to gain a larger market share.