Which of the following is a first-mover advantage?
A)cost minimization
B)high visibility in the market
C)opportunity to use e-business strategies
D)opportunity to build customer loyalty

Question

Quizplus · Accepted Answer

The opportunity to build customer loyalty is a first-mover advantage. Being the first in the market allows a company to establish a strong brand and customer base before competitors can enter the market. This can lead to increased customer loyalty, as customers may be less likely to switch to competitors who enter the market later. Cost minimization, high visibility, and e-business strategies may all be benefits of being a first-mover, but they do not necessarily offer a significant advantage in and of themselves.

Which of the Following Is a First-Mover Advantage