The economic and strategic advantages that accrue to early entrants in an industry are called:

Question

Quizplus · Accepted Answer

The phrase "first-mover advantages" specifically refers to the benefits that come with entering a market or industry before competitors. These advantages can include setting industry standards, establishing brand recognition, securing key distribution channels, and gaining access to resources and customers that become more difficult for later entrants to obtain.

The Economic and Strategic Advantages That Accrue to Early Entrants