The first company to use new information technology to substantially lower costs or differentiate products or services often gains ___________.
A) first-mover advantage
B) lower profits
C) less market adaptability
D) increased synergy
E) all of these

Question

Quizplus · Accepted Answer

The first-mover advantage refers to the benefit gained by the first company to introduce a new technology in the market. This includes benefits such as greater market share, higher profits, and a competitive edge over rivals. The other options are not relevant in this context.

The First Company to Use New Information Technology to Substantially