Question

Which of the following is NOT true of high-technology industries? Select one: a. Later entrants can avoid the mistakes made by first movers. b. First movers have an advantage because their customers avoid switching costs. c. First movers that create a revolutionary product are in a monopoly position. d. First movers run the risk of building the wrong resources and capabilities. e. First movers have higher pioneering costs than later entrants. Clear my choice

Answer 1

Answer:

Correct option is B.

First movers have an advantage because their customers avoid switching costs.

Explanation:

First movers have an advantage because their customers avoid switching costs. This is not true about High- Technology Industries.