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Steve Jobs and Apple created a big advantage in the technology industry with the introduction of the iPod, iPhone, and iPad. What are these all examples of?

A. Competitive advantage
B. Competitive intelligence
C. First-mover advantage
D. All of the above

1 Answer

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Final answer:

The introduction of the iPod, iPhone, and iPad by Steve Jobs and Apple is an example of First-mover advantage, where Apple gained significant market share by being the first to market innovative products.

Step-by-step explanation:

Steve Jobs and Apple created a significant impact in the technology industry with the introduction of the iPod, iPhone, and iPad. These products are all examples of First-mover advantage. This term refers to the benefit gained by a company that first introduces a product or service to the market, establishing brand recognition and customer loyalty before competitors enter. This concept embodies elements of competitive advantage, as being the first mover can lead to a superior market position. Apple's strategic approach exploited its comparative advantages in design and marketing, combined with the benefits of global production. By using a sophisticated production line spread across different countries, Apple was able to efficiently produce and market its innovative products, disrupting the tech industry.

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