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Question
Lead time is:A.the time from production to market delivery
B.the time in which the first mover operates in the market under conditions of limited competition
C.the time it takes for an entrepreneur to go from the concept stage to the delivery stage
D.the time between product introduction and customer acceptance
Answer
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First movers suffer a cost disadvantage as they are not able to move down the experience curve.
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The U.S. Chamber of Commerce and Small Business Development Centers are good places to get information and assistance in starting a new business.
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