Which of the following is a first-mover advantage for a technology innovator?

a. Being able to charge a premium price
b. Letting someone else work out all the bugs
c. Having a ready-made customer base
d. Being able to take advantage of complementary products
e. Having an infrastructure ready to support the technology

Respuesta :

Answer:

a. Being able to charge a premium price

Explanation:

First mover advantage is when a firm is able to capitalize by introducing a new product in an untapped market. This means that the firm has no direct competitors and there are no substitute products that can take a share of market away from the company. These products usually command a price skimming strategy and are able to charge high premium prices, consider the example of folding smartphones as galaxy fold is priced at a high premium.

All the other options are advantages for moving second.

Hope that helps.