Individual firms should invest substantial financial resources in trying to build a first-mover advantage, even if that means several years of losses before a new venture becomes profitable
Indicate whether the statement is true or false.
TRUE
Individual firms should realize that it pays to invest substantial financial resources in trying to build a first-mover or early-mover advantage even if that means several years of losses before a new venture becomes profitable.
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Which of the following statements is true about "time is of the essence" clauses in contracts?
a. These clauses are unenforceable because they violate public policy. b. These clauses are examples of express conditions precedent. c. These clauses are examples of constructive conditions subsequent. d. These clauses are substitutes for tender of performance.
Cell phone manufacturer LZT has to choose between two options for sourcing parts: Japan-based Keiko Inc and US-based Global Tech
Though Keiko's products are priced lower than Global's, the non-monetary costs of doing business with Keiko may lead LZT to choose Global Tech. What can Keiko do to obtain LZT's order?