Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A popular explanation/justification for a profitable strategy is being an early mover and gaining the advantage of being that early mover. Often misunderstood as the

A popular explanation/justification for a profitable strategy is being an early mover and gaining the "advantage" of being that early mover. Often misunderstood as the "natural" advantage of being the first in the market, there are specific circumstances under which being the first is a source of sustainable competitive advantage.

Which of the following are Early Mover Advantages?The other class of "mechanisms" listed below are impediments to imitation.Four of the seven following are "early mover advantages" and the other four, "impediments to imitation".

A. Learning Curve

B. Network Effects

C. Buyer Switching Cost

D. Reputation and Buyer Uncertainty

E. Legal Restrictions

F. Casual Ambiguity

G. Dependence on historical circumstances

F. Social Complexity

Give explanation also

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

China Under Mao A Revolution Derailed

Authors: Andrew G Walder

1st Edition

0674975499, 9780674975491

More Books

Students also viewed these Economics questions

Question

What is the cost to store inventory?

Answered: 1 week ago

Question

How does nonverbal communication express cultural values?

Answered: 1 week ago