________ are advantages that come to firms that make important strategic and technological decisions early in the development of an industry.
A) Visionary advantages
B) First-mover advantages
C) Comparative advantages
D) Missionary advantages

Question

Quizplus · Accepted Answer

First-mover advantages refer to the benefits that a firm gains by being the first to introduce a new product, service, or technology in the market. These advantages can include brand recognition, customer loyalty, and economies of scale, among others. By making important strategic and technological decisions early in the development of the industry, firms can position themselves to be the first movers and reap the benefits of these advantages.

________ Are Advantages That Come to Firms That Make Important