Question

In: Accounting

14. What are competitive and first-mover advantages?

14. What are competitive and first-mover advantages?

Solutions

Expert Solution

Competitive advantage:

Competitive advantage allows an entity or organization to produce goods or service at lower price in a more desirable manner when compared to other market rivals. This allows in generating more sales and more profits when compared to others. Competitive advantage is influenced by various factors such as quality of product offering, branding, cost structure, the distribution network and the customer service. it creates more value to the firm and to its shareholders’. The two main types of competitive advantage are comparative advantage and differential advantage.

First mover advantage:

It refers to advantage gained by a company for first introducing the product or service into the market. First mover advantage helps company to establish product loyalty and strong brand recognition before other entrants. It is helpful only to the large companies that moves into market

This will be helpful to create a strong impression that leads to brand recognition and brand loyalty.

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

a. Describe the advantages and disadvantages of being a “first mover” or a “follower” in a...
a. Describe the advantages and disadvantages of being a “first mover” or a “follower” in a high-tech industry. b. Why does the probability of a “paradigm shift” increase as a technology matures and approaches its natural limit? When that happens, what are the problems and opportunities faced by innovators of “disruptive technology?”
What are some of the major advantages and disadvantages of being a first mover? Identify two...
What are some of the major advantages and disadvantages of being a first mover? Identify two e-commerce companies that prove your point.
1. What are first-mover advantages? Discuss these advantages. 2.  Explain the idea of a turnkey project. Why...
1. What are first-mover advantages? Discuss these advantages. 2.  Explain the idea of a turnkey project. Why should a firm use this arrangement to expand internationally? In what industries are turnkey arrangements most common?
[2-1]     What are some of the major advantages and disadvantages of being a first mover? [2-2]      ...
[2-1]     What are some of the major advantages and disadvantages of being a first mover? [2-2]       What are five of the major differences between the early years of e-commerce and today’s e-commerce? [2-3]       Why is a multidisciplinary approach necessary if one hopes to understand e-commerce? [2-4]      What are some of the privacy issues that Facebook has created? [2-5]         Describe the five primary revenue models used by e-commerce firms. [2-6] Would you say that Amazon and eBay are direct or indirect...
Is your host country business a first or second mover? Explain the advantages and disadvantages you...
Is your host country business a first or second mover? Explain the advantages and disadvantages you face. Host country: Seattle USA.  Home country: Japan What is meant by a first mover and a second mover? Which of these is your host country business? Describe in detail, 3 advantages of this position to your host country business
1: Network Effects pertain to a specific form of First Mover Advantages such as capturing customers,...
1: Network Effects pertain to a specific form of First Mover Advantages such as capturing customers, acquiring desirable locations, obtain patents among others. Group of answer choices True False 2: Mapping the Consumption Chain is focused on the travel times of the upstream raw material. Group of answer choices True False
What is not an advantage of a first mover? A. Enables the establishment of significant brand...
What is not an advantage of a first mover? A. Enables the establishment of significant brand image B. increase sales volume ahead of rivals and thus reap cost advantages( i.e. economies of scale and learning effects) C. Creates switching costs for customers if they decide to opt for an alternative technological standard. D. is able to invest in the best technology or focus on he best market niche.
1. How does first-mover advantage lead into a sustainable competitive advantage? 2. Where does the Austrian...
1. How does first-mover advantage lead into a sustainable competitive advantage? 2. Where does the Austrian Trade Cycle Theory fit into first-mover advantage? 3. How does efficiency impact collusion?
1. How does first-mover advantage lead into a sustainable competitive advantage? 2. Where does the Austrian...
1. How does first-mover advantage lead into a sustainable competitive advantage? 2. Where does the Austrian Trade Cycle Theory fit into first-mover advantage? 3. How does efficiency impact collusion?
1. How does first-mover advantage lead into a sustainable competitive advantage? 2. Where does the Austrian...
1. How does first-mover advantage lead into a sustainable competitive advantage? 2. Where does the Austrian Trade Cycle Theory fit into first-mover advantage? 3. How does efficiency impact collusion?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT