Question

TEFCO, a computer processor manufacturing company, recently adopted a new fabrication process to manufacture microprocessors. The microprocessors made using this new process have higher computing power and clock speed than other processors available in the market. Although the new process has made TEFCO the industry leader, there is a threat that competitors will be able to match this feat in the near future. It is evident that TEFCO has achieved _____.

Answer 1

Answer:

first-mover advantage

Explanation:

First-mover advantage exists when making the initial move into a market allows a firm to establish a dominant position that other firms may struggle to overcome.