The strategy of being the first to enter a new market may result in a "first mover" advantage.

Name: The strategy of being the first to enter a new market may result in a "first mover" advantage.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Being the first to enter a new market can give a company a "first mover" advantage, allowing it to establish strong brand recognition, secure customer loyalty, and create barriers to entry for subsequent competitors.

The Strategy of Being the First to Enter a New