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Question
Which of the following is an example of a first-mover advantage?
A. The ability to capture demand by establishing a strong brand name
B. The avoidance of pioneering costs that a later entrant has to bear
C. The increased probability of surviving in a foreign market
D. The opportunity to observe and learn from the mistakes of later entrants
E. The ability to let later entrants ride ahead on the experience curve
Answer
This answer is hidden. It contains 195 characters.
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