Which of the following statements is true of late movers?
A) They face greater technological and market uncertainties.
B) They drive some non-dominant firms abroad to avoid clashing with dominant firms in home market.
C) They may be able to free ride on the huge pioneering investments of first movers.
D) They may erect significant entry barriers for further entry by other firms.

Question

Quizplus · Accepted Answer

Late movers can benefit from the pioneering investments made by first movers, such as market education and infrastructure development, allowing them to enter the market with lower costs and risks.

Which of the Following Statements Is True of Late Movers