First mover advantage refers to ______.

early identification of business opportunities

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early identification of uncertainty

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early identification of business rivals

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early identification of uncertainty in business

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Solution

The correct option is A early identification of business opportunities
The first mover advantage refers to an advantage that a company gets by introducing its product or service to the market before any other competitor does. The first mover advantage gains the company a strong brand recognition and product/service loyalty before other entrants.
It helps in early identification of business opportunities.

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Similar questions

Identification of business opportunity refers to producing a new product or service only.

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1. Identification of business opportunity

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1. Name Approval

2. Identification of business opportunity

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