The benefits an organization derives from being an early entrant into a new environment are called ________.

Question

Quizplus · Accepted Answer

First-mover advantages refer to the advantages that an organization gains by being the first to enter a new market, such as brand recognition, customer loyalty, and economies of scale. Options A, B, and D are not related to the benefits of being an early entrant into a new environment.

The Benefits an Organization Derives from Being an Early Entrant