Question

This first-mover advantage occurs when a company can significantly _______ its market share by being first with a new competitive advantage.

Answer 1

This first-mover advantage occurs when a company can significantly increase its market share by being first with a new competitive advantage.

What are the important competitive advantage?

Competitive advantage will give a market an edge over another market.

This is because market are mostly competitive in nature and when an individual is performing better in terms of profit and reduced expenses then the Market is at advantage.

Therefore, this first-mover advantage occurs when a company can significantly increase its market share by being first with a new competitive advantage.

This first-mover advantage occurs when a company can significantly increase its market share by being first with a new competitive advantage.

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