Management in the News Peter Cruddas is an entrepreneur who had an idea for an innovative online trading platform. He began developing the product in the early 1990s. In 1996, Cruddas launched his new business. It became the first provider of an inexpensive and easy option for online transactions, specifically buying and selling financial products. CMC Markets is now a global company that continues to experience rapid growth. (Source: Business Case Studies. (n.d.). Enterprise in the fast lane: A CMC Markets case study. In The Times 100 Business Case Studies. Retrieved from http://businesscasestudies.co.uk/cmc-markets/enterprise-in-the-fast-lane/introduction.html) Which of the following indicates that Peter Cruddas created a product that allowed him to gain the first-mover advantage? Cruddas created an innovative product that lowered the cost of a service in the financial industry. It took Cruddas less than 10 years to start his company and develop an innovative product O CMC Markets is a global company experiencing rapid growth. Management in the News Peter Cruddas is an entrepreneur who had an idea for an innovative online trading platform. He began developing the product in the early 1990s. In 1996, Cruddas launched his new business. It became the first provider of an inexpensive and easy option for online transactions, specifically buying and selling financial products. CMC Markets is now a global company that continues to experience rapid growth. (Source: Business Case Studies. (n.d.). Enterprise in the fast lane: A CMC Markets case study. In The Times 100 Business Case Studies. Retrieved from http://businesscasestudies.co.uk/cmc-markets/enterprise-in-the-fast-lane/introduction.html) Which of the following indicates that Peter Cruddas created a product that allowed him to gain the first-mover advantage? O Cruddas created an innovative product that lowered the cost of a service in the financial industry. It took Cruddas less than 10 years to start his company and develop an innovative product. O CMC Markets is a global company experiencing rapid growth