Which of the following is an advantage of being a first mover?
A)certainty over the direction of technology and market
B)low development costs
C)no financial or strategic risks
D)opportunity to begin building customer relationships

Question

Quizplus · Accepted Answer

Being a first mover gives a company the opportunity to begin building customer relationships, as they are the first in the market with their product or service. This can lead to brand recognition and customer loyalty, which can be a significant advantage in the long run. However, this advantage must be balanced with the risk of uncertainty over the direction of technology and market, high development costs, and financial and strategic risks.

Which of the Following Is an Advantage of Being a First