In terms of using upgrades strategically,by quickly launching a product that meets the most important need,many companies gain the:
A) First-mover advantage
B) Primary advantage
C) Initial-entrant premium
D) Premium entrant advantage
E) Absolute advantage

Question

Quizplus · Accepted Answer

The first-mover advantage refers to the benefit a company gains by being the first to enter a market or introduce a new product. By quickly launching a product that meets the most important need, a company can establish itself as the leader in the market and gain a competitive advantage over later entrants. Therefore, option A is the best choice.

In Terms of Using Upgrades Strategically,by Quickly Launching a Product