Which of the following is a difference between first movers and late movers?
A) First movers take advantage of the inflexibility of late movers,whereas late movers may be locked into a given set of fixed assets.
B) First movers face greater technological and market uncertainties,whereas late movers take advantage of the solutions of the first movers.
C) First movers may be able to free ride on the huge pioneering investments of late movers,whereas late movers have to make preemptive investments.
D) First movers attract more late entrants,whereas late movers erect entry barriers for further entrants.

Question

Quizplus · Accepted Answer

First movers often face uncertainties as they are the first to enter a market, while late movers can learn from the first movers' experiences and avoid their mistakes.

Which of the Following Is a Difference Between First Movers