In emerging industries . a. product-differentiation efforts are focused on product refinement as a basis of product differentiation. b. firms that are first movers can gain product-differentiation advantages based on perceived technological leadership. c. firms can sometimes be tempted to exaggerate the extent to which they have refined and improved their products and services. d. firms that are first movers are unlikely to gain product-differentiation advantages based on buyer loyalty and high switching costs.

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i.e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000