The significant market share advantage to be gained by being the first in the market is a(n):
A) Entrant advantage
B) Primary advantage
C) Initial-entrant premium
D) First-mover advantage
E) Absolute advantage

Question

Quizplus · Accepted Answer

The concept of being the first in the market and gaining a significant market share advantage is known as the first-mover advantage. Therefore, option D is the correct answer. The other options do not accurately describe the scenario.

The Significant Market Share Advantage to Be Gained by Being