Business Studies, asked by vinay890990, 2 months ago

what do you mean by first mover advantage

Answers

Answered by gurukantverma2011

A first-mover advantage can be simply defined as a firm's ability to be better off than its competitors as a result of being first to market in a new product category.

Answered by joshibasant321

Answer:

A first-mover advantage can be simply defined as a firm's ability to be better off than its competitors as a result of being first to market in a new product category.

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