Which of the following is an example of a first-mover advantage? A. T

QUESTION

Which of the following is an example of a first-mover advantage?

A. The ability to create switching costs that tie customers into one’s products or services

B. The avoidance of pioneering costs that a later entrant into the foreign market has to bear

C. The increased probability of surviving in a foreign market

D. The opportunity to observe and learn from the mistakes of other entrants

E. The ability to let later entrants ride ahead on the experience curve

ANSWER

A