Once a dominant design has been established in an industry,new companies have an advantage over established companies.

Question

Quizplus · Accepted Answer

Once a dominant design is established, it becomes more difficult for new companies to enter the market and compete with established companies. Established companies have the advantage of brand recognition, established distribution channels, and economies of scale. It is not always easy for new companies to overcome these barriers and successfully compete in the market.

Once a Dominant Design Has Been Established in an Industry,new