A First Mover Advantage Is the Attribute of the First

question 52

True/False

A first mover advantage is the attribute of the first firm entering an industry but only relates to its ability to attract the best human resources

---

Definitions:

Location

Refers to the geographical situation of a place based on physical and human factors, influencing its connectivity and economic activities.

Marginal Land

Land that has limited agricultural productivity or is challenging to cultivate due to its poor soil, rough terrain, or other adverse conditions.

Rent

Rent is the payment made by a tenant to a landlord for the use of a property, typically on a monthly basis, for residential or commercial purposes.

Prices

The amount of money required to purchase goods or services, reflecting supply and demand dynamics.