Question

The advantages that come to firms that make important strategic and technological decisions early in the development of an industry are known as ________ advantages.

A) first-mover
B) competitive
C) comparative
D) emerging

Answer 1

The advantages that come to firms that make important strategic and technological decisions early in the development of an industry are known as first-mover advantages.

Step-by-step explanation:

The advantages that come to firms that make important strategic and technological decisions early in the development of an industry are known as first-mover advantages. First-mover advantages refer to the benefits that a company gains by being the first to enter the market with a new product or service. By being the first-mover, a firm can establish brand recognition, capture market share, and build customer loyalty before competitors.