Which of the following refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country? Show
Which of the following is a major benefit of engaging in free trade It gives countries access to products that they cannot produce David Ricardos theory of comparative advantage explains global trade in terms of the International differences in labor productivity Which of the following theories emphasizes the interplay between the proportions in which the factors of production are available in different countries and the proportions in which they are needed for producing particular goods? Which of the following observations is consistent with Michael Porters theory of national competitive advantage? Factors such as domestic demand and domestic rivalry determine nations' dominance on production Which of the following is a theory that can be used to justify limited government intervention to support the development of certain export oriented industries? Which of the following is a major flaw associated with mercantilism? Mercantilists view trade as a zero-sum game A country has an absolute advantage in the production of a product when it Is more efficient than any other country in producing it According to Adam Smith, A country should specialize in the production of a good when it has An absolute advantage in the production of the good According to Ricardos theory of comparative advantage, a country should produce goods That it produces most efficiently Diminishing returns to specialization occurs when More units of resources are required to produce each additional unit What will happen, according to Paul Samuelsons critique, if a rich country enters into a free trade agreement with a poor country? The poor country will rapidly improve its productivity Which of the following terms refers to the extent to which a country is gifted with such resources as land, labor, and capital? Which of the following terms refers to the unit cost reductions associated with large sized outputs? Wal-Mart makes bulk purchases from its vendors and hence it is able to get better deals than its competitors. This allows Wal-Mart to offer greater discounts to its customers. In this case, Wal-Mart benefits from Which of the following theories suggests that first mover advantage is significant in the export of a good? Which of the following is an example of a basic factor that a nation will possess as proposed by Porter? Which of the following factors, according to Porters national diamond, is most likely to give a country competitive advantage over another country? Porter argues that a nation firms gain competitive advantage if Their domestic consumers are demanding Just for you: FREE 60-day trial to the world’s largest digital library.The SlideShare family just got bigger. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Nội dung chính
Read free for 60 days Cancel anytime. What Is a First Mover?A first mover is a service or product that gains a competitive advantage by being the first to market with a product or service. Being first typically enables a company to establish strong brand recognition and customer loyalty before competitors enter the arena. Other advantages include additional time to perfect its product or service and setting the market price for the new item. First movers in an industry are almost always followed by competitors that attempt to capitalize on the first mover's success and gain market share. Most often, the first mover has established sufficient market share and a solid enough customer base that it maintains the majority of the market. Key Takeaways
Examples of First MoversBusinesses with a first-mover advantage include innovators, Amazon (NASDAQ: AMZN) and eBay (NASDAQ: EBAY). Amazon created the first online bookstore, which was immensely successful. By the time other retailers established an online bookstore presence, Amazon had achieved significant brand recognition and parlayed its first-mover advantage into marketing a range of additional, unrelated products. According to Forbes's "The World's Most Innovative Companies" 2019 ranking, Amazon ranks second. It has annual revenues of $280 billion and, through the end of 2019, had a 20% annual sales growth rate. eBay built the first meaningful online auction website in 1995 and continues to be a popular shopping site worldwide. It ranked 43rd on the Forbes list of innovative companies. The company generates $287 billion in annual revenues, with a 2.8% annual sales growth rate. Advantages of First MoversBeing the first to develop and market a product comes with many prime advantages that strengthen a company's position in the marketplace. For example, a first-mover often gains exclusive agreements with suppliers, sets industry standards, and develops strong relationships with retailers. Other advantages include
Disadvantages of First MoversDespite the many advantages associated with being a first mover, there are also disadvantages. For example, other businesses can copy and improve upon a first mover's products, thereby capturing the first mover's share of the market. It costs approximately 60% to 75% less to replicate a product than it costs to create a new product. Also, often in the race to be the first to market, a company may forsake key product features to expedite production. If the market responds unfavorably, then later entrants could capitalize on the first mover's failure to produce a product that aligns with consumer interests; and the cost to create versus the cost to imitate is significantly disproportionate. Which of the following theories suggests that government policies should be used to support certain export oriented industries?Both the new trade theory and Porter's theory of national competitive advantage can be interpreted as justifying some limited government intervention to support the development of certain export-oriented industries. What theory that supports the view that in some cases countries export because in certain industries the world market can support only a limited number of firms?New trade theory stresses that in some cases countries specialize in the production and export of particular products not because of underlying differences in factor endowments, but because in certain industries the world market can support only a limited number of firms. Which theory predicts that countries will export those goods that make?The Heckscher–Ohlin theory predicts that countries will export those goods that make intensive use of factors that are locally abundant, while importing goods that make intensive use of factors that are locally scarce. Which theory predicts that countries will export those goods that make intensive use of factors that are locally abundant?Heckscher–Ohlin model It predicts that countries will export those goods that make intensive use of locally abundant factors and will import goods that make intensive use of factors that are locally scarce. Which of the following theories suggests that the first mover advantage is significant in the export of a good?Which of the following theories suggests that first mover advantage is significant in the export of a good? The product life-cycle theory argues that the developing nations will not produce a product if the product is highly standardized.
Which theory suggests that in cases where there may be important first mover advantages governments can help firms from their countries attain these advantages?New trade theory argues that for those products where economies of scale are significant and represent a substantial proportion of world demand, the first movers in an industry can gain a scalebased cost advantage that later entrants find almost impossible to match.
What is an advantage that is realized by a company as a part of first mover advantages quizlet?The first-mover advantage enables a company to establish strong brand recognition and product/service loyalty before other entrants to the market. It is important to note that the first-mover advantage only refers to a large company that moves into a market.
Which theory predicts that countries will export the goods?[4] The so-called Heckscher-Ohlin theory basically holds that a country will export those commodities that are produced by the factor that it has in relative abundance and that it will import products whose production requires factors of production where it has relatively less abundance.
|
Which theory suggests that first mover advantages are significant in the export of a good?
zusammenhängende Posts
Urheberrechte © © 2024 paraquee Inc.
