__________ refers to the condition when a country is provided a benefit as it enters a new industry first.
A) Special trading privilege
B) Neo-colonialism
C) First-mover advantage
D) Entrepreneurial benefit

Question

Quizplus · Accepted Answer

First-mover advantage refers to the benefit a country gets by being the first one to enter a new industry. This advantage comes from establishing a brand name, securing distribution channels, and building customer relations before competitors enter the market.

__________ Refers to the Condition When a Country Is Provided