When Galaxy Ventures, a real estate company, entered the low cost housing business, the market was already saturated with other players. Thus, the company was forced to exit the market due to lack of customer loyalty and substantial dividends. Which of the following is a term used to described the situation faced by the company?a. first-mover disadvantages
b. last-mover disadvantages
c. last-in first-out disadvantages
d. comparative disadvantages
e. absolute disadvantages

b. last-mover disadvantages

Explanation:

Last-mover or late-mover disadvantages describes the situation faced by Galaxy Ventures, a real estate company, that entered the low cost housing business when the market was already saturated with other players.

Thus, forcing Galaxy Ventures to exit the market due to lack of customer loyalty and substantial dividends.

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

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