Which of the following is NOT true of high-technology industries?
A) First movers have an advantage because their customers avoid switching costs.
B) First movers have higher pioneering costs than later entrants.
C) Later entrants can avoid the mistakes made by first movers.
D) First movers that create a revolutionary product are in a monopoly position.
E) First movers run the risk of building the wrong resources and capabilities.

Question

Quizplus · Accepted Answer

First movers often have an advantage because their customers face switching costs, not avoid them.

Which of the Following Is NOT True of High-Technology Industries