Which of the following advantages is most likely to be enjoyed by a company as a part of the first-mover advantages?

Name: Which of the following advantages is most likely to be enjoyed by a company as a part of the first-mover advantages?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

First-mover advantages are the economic and strategic advantages that accrue to early entrants into an industry. The ability to capture scale economies ahead of later entrants, and thus benefit from a lower cost structure, is an important first-mover advantage.

Which of the Following Advantages Is Most Likely to Be