Which of the following is a first-mover advantage for a technology innovator?
A)Being able to charge a premium price
B)Letting someone else work out all the bugs
C)Having an infrastructure ready to support the technology
D)Being able to take advantage of complementary products
E)Having a ready-made customer base

Question

Quizplus · Accepted Answer

What makes innovators and technology leadership attractive is the potential for high profits and first-mover advantages. If a company is first to market with a new technology, it may be able to charge a premium price because it faces no competition.

Which of the Following Is a First-Mover Advantage for a Technology