Question

Which of the following is NOT true of high-technology industries? a. First movers run the risk of building the wrong resources and capabilities. 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 have higher pioneering costs than later entrants. e. Later entrants can avoid the mistakes made by first movers.

Answer 1

Answer:

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

Explanation:

First movers have an advantage because their customers avoid switching costs is a FALSE statement among provided statement.