A disadvantage to being a first mover is that a company moves down the experience curve and loses the benefits from its experiences.

Name: A disadvantage to being a first mover is that a company moves down the experience curve and loses the benefits from its experiences.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

A disadvantage to being a first mover is not losing benefits from the experience curve; rather, it is the risk of high costs and uncertainty. First movers can actually gain advantages from moving down the experience curve.

A Disadvantage to Being a First Mover Is That a Company