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first-mover advantages are the advantages associated with entering a market early. group of answer choices true false

Respuesta :

The correct answer is true. By being the first, companies can usually build strong brand awareness and customer loyalty before competitors enter the arena and a first mover is a service or product that gains a competitive advantage by being the first to market with a product or service.

A first mover is also a service or product that gains a competitive advantage by being the first company to bring the product or service service to market. The industry's first movers are almost always followed by competitors who seek to capture market share by capitalizing on the success of the first movers. In most cases, first movers have built up enough market share and a solid customer base to capture the bulk of the market. The industry's first movers are almost always followed by competitors who seek to capture market share by capitalizing on the success of the first movers.

In summary, the first mover approach is recommended as it offers significant advantages over the late mover plan. A first-mover strategy allows companies to develop and acquire technical leadership that is difficult for competitors to replicate.

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