First movers can monitor changes in the market that might be difficult or impossible to detect for those firms not participating in the market.

Question

Quizplus · Accepted Answer

As first movers are the earliest entrants into the market, they have a unique advantage of monitoring changes in the market more closely and quickly. They can detect changes that other firms might miss, giving them an edge in adapting to the changes and gaining a competitive advantage.

First Movers Can Monitor Changes in the Market That Might