First-mover disadvantages refer to
A) disadvantages associated with entering a foreign market before other international businesses.
B) costs that a late entrant to a foreign market has to bear.
C) a direct restriction on the quantity of a good that can be imported into a country.
D) imperfections in the operation of the market mechanism.
E) disadvantages experienced by being a late entrant in a foreign market.

Question

Quizplus · Accepted Answer

First-mover disadvantages refer to the potential downsides or challenges a company may face when entering a foreign market before other international businesses, such as higher costs, risks, and uncertainties.

First-Mover Disadvantages Refer to