Which of the following is a first-mover disadvantage?
A)uncertainty over competitor imitation
B)market entry barriers
C)high taxes in certain industries
D)inflexibility of prospective customers

Question

Quizplus · Accepted Answer

A first-mover disadvantage is the risk of uncertainty over competitor imitation. When a company is the first to enter a market or introduce a new product, they risk the possibility that competitors will quickly follow suit, replicate their product, and gain market share. This creates uncertainty for the first-mover company and can ultimately lead to a loss of market share and profitability.

Which of the Following Is a First-Mover Disadvantage