Regarding entry into a new market,which of the following is true
A) First movers gain expertise through participation.
B) First movers are not able to detect changes in the market.
C) First movers suffer a cost disadvantage.
D) First movers face more competitive rivalry.

Question

Regarding entry into a new market,which of the following is true  
A) First movers gain expertise through participation.
B) First movers are not able to detect changes in the market.
C) First movers suffer a cost disadvantage.
D) First movers face more competitive rivalry.

Quizplus · Accepted Answer

First movers have the advantage of gaining expertise and learning through participation in a new market before competitors enter. This can give them a head start and help them establish themselves as a leader in the industry. However, they may also face a cost disadvantage from the need to invest in research, development, and marketing to educate consumers about a new product or service. They may also face more competitive rivalry once other firms enter the market, but this is not necessarily a guarantee.

Regarding Entry into a New Market,which of the Following Is