Economics > QUESTIONS & ANSWERS > WGU C211 Study Guide Questions and Answers Rated A+ Latest 2023 (All)

WGU C211 Study Guide Questions and Answers Rated A+ Latest 2023

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WGU C211 Study Guide Questions and Answers Rated A+ Latest 2023 Name first mover advantages: (Chp 10.3) - correct answer ✅1. Proprietary, technological leadership 2. Pre-emption of scarce resource... s 3. Establishment of entry barriers for late entrants 4. Avoidance of clash with dominant firms at home 5. Relationships with key stakeholders such as governments Name late mover advantages: (Chp 10.3) - correct answer ✅1. Opportunity to free ride on first-mover investments 2. Resolution of technological and market uncertainty 3. First mover's difficulty to adapt to market changes Name strategic goals supported by location specific advantages (Chp 10.2) - correct answer ✅1. Natural resources 2. Market 3. Efficiency 4. Innovation Proposition (1) underpinning an institution based view of global business. - correct answer ✅Managers and firms rationally pursue their interests and make choices within the formal and informal constraints in a given institutional framework [Show More]

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