First movers always attain dominant market positions.

Name: First movers always attain dominant market positions.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

While being a first mover can give a company an advantage, it does not guarantee a dominant market position. Success also depends on factors such as product quality, marketing, distribution, and customer loyalty. Furthermore, late movers can learn from the mistakes of first movers and improve upon their offerings.

First Movers Always Attain Dominant Market Positions