Which of the following allows a business the potential to own the market until other competitors venture to enter?
A)a decentralization strategy
B)the cluster effect
C)a low barrier to entry
D)a first-mover advantage
E)a network effect

Question

Quizplus · Accepted Answer

The first-mover advantage allows a business to establish themselves as the leader in a market, making it difficult for other competitors to enter and gain market share. This advantage can result in brand loyalty and a strong customer base, preventing other competitors from gaining a foothold in the market.

Which of the Following Allows a Business the Potential to Own