Question: First - mover advantages are unlikely to be present when a . rapid market evolution ( due to fast - paced changes in technology or

First-mover advantages are unlikely to be present when
a. rapid market evolution (due to fast-paced changes in technology or buyer preferences) presents opportunities to leapfrog a first-mover's products with more attractive next-version products.
b. early commitments to new technologies, new-style components, new or emerging distribution channels, and so on, can produce an absolute cost advantage over rivals.
c. first-time customers remain strongly loyal to pioneering firms in making repeat purchases.
d. moving first can constitute a preemptive strike, making imitation extra hard or unlikely.
e. pioneering helps build a firm's image and reputation with buyers.
 First-mover advantages are unlikely to be present when a. rapid market

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!