The advantages that come to firms that make important strategic and technological decisions early in the development of an industry are known as ________ advantages.
A) first-mover
B) competitive
C) comparative
D) emerging

Question

Quizplus · Accepted Answer

First-mover advantages refer to the benefits that firms can gain by being the first to enter a new market, develop a new technology, or introduce a new product. These advantages can include brand recognition, customer loyalty, economies of scale, and the ability to establish dominant positions in the market. As such, they can be extremely valuable to firms that are able to position themselves as industry leaders early on.

The Advantages That Come to Firms That Make Important Strategic