What is it called when a business gains a significant impact on market share by being the fist to market giving it a competitive advantage?
A)Primary market
B)Competitive market
C)Primary advantage
D)First-mover advantage

Question

Quizplus · Accepted Answer

The concept being described is the first-mover advantage, which occurs when a business gains a significant impact on market share by being the first to market with a particular innovation or product. This can give the business a competitive advantage over others who enter the market later.

What Is It Called When a Business Gains a Significant