A pioneering firm stands the best chance for long-term success in market-share leadership and profitability when:

Question

Quizplus · Accepted Answer

A pioneering firm with all three factors (high entry barriers, strong patent protection, and substantial investment requirements) will have a competitive advantage over new entrants and potential competitors. High entry barriers limit the ability for new competitors to enter the market, strong patent protection provides legal protection against copying of product or service, and substantial investment requirements may prevent smaller companies from entering the market, giving the pioneering firm a better chance for long-term success in market-share leadership and profitability.

A Pioneering Firm Stands the Best Chance for Long-Term Success