If you can enter the market and build your data-base before anyone else, you achieve
_______________in which it becomes harder and harder for competitors to get into the market and convince your customers to switch.
A) non-compete stipulation.
B) first-movers advantage.
C) data mining.
D) mining the long tail

Question

Quizplus · Accepted Answer

First-movers advantage refers to the benefits a company gains by being the first to enter a specific market or industry. This advantage allows the company to establish strong brand recognition and customer loyalty before competitors enter the market, making it more difficult for new entrants to gain market share.

If You Can Enter the Market and Build Your Data-Base