A company that has gained first-mover advantage is immune to competition.

Question

Quizplus · Accepted Answer

While being a first-mover can give a company an advantage, it does not make them immune to competition. Competitors can enter the market with similar or even superior products or services, and customers can switch to those alternatives. Additionally, the first-mover may face challenges in scaling up or adapting to changing market conditions, which can give competitors an opportunity to catch up or overtake them.

A Company That Has Gained First-Mover Advantage Is Immune to Competition