Which of the following is NOT an advantage of being a first mover?
A)The company is able to establish a reputation as an industry leader.
B)The company is able to move down the learning curve to assume the cost leader position.
C)A first mover can set the standard for all subsequent products in the industry.
D)Being first provides a company profit advantages for about ten years in consumer goods and about twelve years in industrial goods.
E)First movers may be able to keep R & D costs low by imitating the technological advances of others.

Question

Quizplus · Accepted Answer

First movers typically incur high R&D costs as they are the ones developing new technologies, rather than imitating others.

Which of the Following Is NOT an Advantage of Being