Question $3$

$2pts$

Being a first mover is not particularly advantageous under which circumstance?

when first$-$time buyers remain strongly loyal to pioneering firms in making repeat purchases

when moving first with a preemptive strike makes imitation difficult or unlikely

when being a pioneer helps build a firm's image and reputation with buyers

when early commitments to new technologies, types of components, or emerging distribution channels produce an absolute cost advantage over rivals

when markets are slow to accept the thnovative product offering of a first mover, and fast followers possess sufficient resources and marketing muscle to overtake a first mover