Which of the following is an example of an advantage that an established firm has over a new firm?

Question

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All of the options listed provide advantages that established firms have over new firms. A) Companies face a learning curve when they develop any product or service, meaning that established firms have already gone through this learning curve and have experience to draw on. B) Business depends a great deal on reputation, which takes time and effort to build up for a new firm. C) Many businesses face economies of scale, which means that established firms are able to produce goods or provide services at a lower cost per unit than new firms, due to their larger scale of operations. D) New companies often find it difficult to compete with established companies because they lack complementary assets, such as established supplier networks or distribution channels.

Which of the Following Is an Example of an Advantage