The advantages frequently associated with entering a market early are commonly known as:
A) inaugural advantages
B) first-mover advantages
C) initial-entrant premiums
D) proactive-mover benefits
E) primary entrant advantages

Question

Quizplus · Accepted Answer

First-mover advantages refer to the benefits gained by being the first to enter a market, including brand recognition, customer loyalty, and establishing a dominant market position. The other options are not commonly used terms to describe the advantages of entering a market early.

The Advantages Frequently Associated with Entering a Market Early Are