A later entrant can produce a product that achieves a closer fit with market preferences.

Question

Quizplus · Accepted Answer

A later entrant in the market can use the information gathered from the existing products to create a product that is more in line with customer preferences and needs, thus achieving a closer fit with market preferences. This is possible because the later entrant has the benefit of observing the successes and failures of existing products, and can use this information to make improvements and differentiate themselves from existing products.

A Later Entrant Can Produce a Product That Achieves a Closer