To be a first mover, the firm must have readily available resources to invest in R&D as well as to rapidly and successfully produce and market a stream of innovative products.

Question

Quizplus · Accepted Answer

This statement is true. Being a first mover requires a firm to have the resources necessary to invest in research and development, as well as the ability to quickly produce and market innovative products. This involves significant upfront costs and risks, which may not be feasible for all companies.

To Be a First Mover, the Firm Must Have Readily