A market pioneer enjoys many advantages in the global marketplace.

Question

Quizplus · Accepted Answer

As a pioneer, the company is the first to introduce a product or service in the market, allowing them to establish a strong brand image and reputation, gain customer loyalty, and capture a significant market share. They can also have better access to suppliers, distribution networks, and economies of scale, which can result in cost advantages over competitors. Additionally, they have the opportunity to shape industry standards and regulations, which can benefit them in the long run.

A Market Pioneer Enjoys Many Advantages in the Global Marketplace