Which of the following is true offrrst movers?
A)The first mover cannot be able to establish brand loyalty.
B)The first mover has no opportunity to exploit network effects and positive feedback loops.
C)The first mover cannot create switching costs for its customers to deter rivals.
D)The frrst mover that creates a revolutionary product is in a monopoly position.
E)Being a frrst mover guarantees instant success.

Question

Quizplus · Accepted Answer

If a first mover creates a truly revolutionary product, they can establish a dominant market position before competitors enter the market, giving them a monopoly position. However, this is not guaranteed and depends on various factors. The other options are false - first movers can establish brand loyalty, exploit network effects and positive feedback loops, and create switching costs for customers. Being a first mover does not guarantee instant success.

Which of the Following Is True Offrrst Movers