First movers are:
A)individuals who lead in the establishment of new industries
B)firms that are first to exit an industry that begins to enter a decline stage
C)firms that take an initial competitive action
D)individuals who move frequently as employment opportunities change in a locale

Question

Quizplus · Accepted Answer

First movers are firms that take an initial competitive action, often by being the first to enter a market or develop a new product, gaining a competitive advantage.

First Movers Are