What is a strategic disadvantage of being a first mover?
A) least opportunity to build customer loyalty
B) risk of competitors imitating innovations
C) no cost and learning benefit
D) no control over resources

Question

Quizplus · Accepted Answer

Being a first mover requires significant investment and effort to develop and bring new products or services to the market. However, the risk of competitors imitating the innovations and entering the market can quickly erode any advantages of the first mover. This can result in increased competition and decreased profit margins. Therefore, the risk of imitation is a strategic disadvantage of being a first mover.

What Is a Strategic Disadvantage of Being a First Mover