Question

First-mover disadvantages refer to:__________

Answer 1

Answer: A. disadvantages associated with entering a foreign market before other international businesses.

Explanation:

First-mover disadvantages refer to:__________  

A. disadvantages associated with entering a foreign market before other international businesses.  

• First-mover is an individual or organisation that makes an entry into the market first.

• It has advantages and disadvantages as a First mover
• one advantage is establish a brand to customers
• one disadvantage is ssociated with entering a foreign market before other international businesses

Answer 2

Answer:

Option A.

Explanation:

A first mover can be referred to as a service or product that gains a competitive advantage by being the first to enter a particular market with a product or service. Being a first-mover can enable a company to establish a strong brand recognition, and gain customer loyalty before competitors can enter the market. Another advantage is that a producer has enough time to perfect his/her product or service before the appearance of competitors, and also setting the market price for the innovative commodity.

However, there can also be disadvantages which are linked to entering a foreign market before other international businesses, and they can be referred to as first-mover disadvantages. These disadvantages may manifest in the form of pioneering costs, which are the costs that an early entrant must bear, but a later entrant can avoid.