A first mover advantage is the attribute of the first firm entering an industry but only relates to its ability to attract the best human resources

Question

Quizplus · Accepted Answer

A first mover advantage is the advantage that a company gains by being the first to enter a new market or introduce a new product or service. This advantage can include factors such as brand recognition, customer loyalty, economies of scale, and establishing market share. It is not limited to attracting the best human resources.

A First Mover Advantage Is the Attribute of the First