A first-mover advantage refers to offering a unique customer value before competitors do so.

Name: A first-mover advantage refers to offering a unique customer value before competitors do so.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A first-mover advantage allows a company to establish brand reputation and secure customer loyalty before competitors can enter the market. This can result in a larger market share, increased profit margins, and a strong position in the industry.

A First-Mover Advantage Refers to Offering a Unique Customer Value