Question: Question 2 7 ( 1 point ) What are some of the disadvantages of being a first mover? Reputation for being innovative, risk of competitors
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What are some of the disadvantages of being a first mover?
Reputation for being innovative, risk of competitors imitating innovation, financial and strategic risk
Cost and learning benefits, control over scarce resources, highdevelopment costs
Highdevelopment cost, opportunity to begin building customer relationships and customer loyalty
Risk of competitors imitating innovation, uncertainty regarding technological direction
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