First-mover advantages are the advantages that accrue to early entrants into a market.

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First-mover advantages refer to the benefits that a company can achieve by being the first to enter a particular market or industry. These advantages can include things like brand recognition, customer loyalty, and increased market share, as well as the ability to establish key partnerships and secure advantageous distribution channels. However, there are also potential disadvantages associated with being a first-mover, such as the risk of investing heavily in an unproven market or product, and the possibility of new competitors entering the market and challenging the early entrant's position.

First-Mover Advantages Are the Advantages That Accrue to Early Entrants