The first company to find a global market for any product is always at a disadvantage over competitors.

Question

Quizplus · Accepted Answer

The first company to find a global market for a product can become a market leader and establish brand recognition, which can give them an advantage over competitors. However, they may also face challenges such as high startup costs, unfamiliar cultural norms, and regulatory barriers, which can put them at a disadvantage. It ultimately depends on how well the company adapts to these challenges and maintains their position in the market.

The First Company to Find a Global Market for Any