Which of the following is an example of a first-mover advantage?
A) The ability to build sales volume in the foreign country
B) The avoidance of pioneering costs that a later entrant has to bear
C) The increased probability of surviving in a foreign market
D) The opportunity to observe and learn from the mistakes of late entrants in the foreign market
E) The ability to allow later entrants to the foreign market ride ahead on the experience curve

Question

Quizplus · Accepted Answer

First-mover advantage refers to the benefits a company gains by entering a market before its competitors, such as building sales volume and establishing a strong market presence early on.

Which of the Following Is an Example of a First-Mover