Question

Early identification of opportunities helps an enterprise to be the first to exploit them instead of losing it to competitors. The mentioned advantage can be categorized under ______.

• A. first mover advantage
• B. initial identifier advantage
• C. earlier advantage
• D. second mover advantage

Answer 1

The correct option is A first mover advantage

The first mover of a business to a new market has the advantage of early identification of the business opportunities that the new market has before the competition arrives.