First movers are:
A) entrepreneurs who lead in the establishment of new industries.
B) firms that are first to exit a declining industry.
C) firms that take an initial competitive action.
D) individuals who move frequently as employment opportunities change in a locale.

Question

Quizplus · Accepted Answer

First movers are firms that take an initial competitive action, often by being the first to enter a new market or develop a new product, gaining a competitive advantage.

First Movers Are