First mover advantages occur when

Question

Quizplus · Accepted Answer

First mover advantages occur when a company moves quickly into a new venture and establishes the business before other firms can react. This allows the company to secure market share, build brand recognition, and gain access to resources before competitors. The other options, such as adopting global strategies faster than competitors or changing production technology, may offer some benefits but do not necessarily lead to first mover advantages.

First Mover Advantages Occur When