An)__________ is generated by exploiting a niche or entering a market before competitors.

Name: An)__________ is generated by exploiting a niche or entering a market before competitors.
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Question

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First-mover advantage is the concept where a company gains a competitive advantage by being the first to enter a specific market or industry. This can allow them to establish brand recognition, customer loyalty, and a dominant position in the market before any competitors arrive.

An)__________ Is Generated by Exploiting a Niche or Entering a Market