Which of the Following Is a First-Mover Advantage

question 92

Multiple Choice

Which of the following is a first-mover advantage?

• A) International firms may gain experience in that country's business practices.
• B) An international firm can reap the rewards of growth in a new market without incurring the risks.
• C) A firm may have the opportunity to be the first to introduce generic brands to a market.
• D) A firm can gauge how well their product will do in the market without taking the risk of investing there.

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Definitions:

Status

The social or professional standing or rank of an individual or thing.

Ranking

The hierarchy or order of items according to their importance, quality, performance, etc.

Insecurity

A feeling of uncertainty or anxiety about oneself; a lack of confidence.

Personal Feelings

Individual emotions or sentiments that are subjective and internal to one's self.