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Asked by Dillon Bannister on Jun 18, 2024

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In many cases,the first mover acts as a ________.

A) monopoly
B) small business
C) global strategist
D) strategic business unit

First Mover

A company that gains a competitive advantage by being the first to enter a new market or industry.

Monopoly

A market structure characterized by a single seller dominating the entire market, often resulting in limited competition.

Global Strategist

An individual specialized in planning and implementing business strategies that operate effectively across different countries and cultures.

  • Examine the positive and negative aspects of initiating and following strategies when entering a market.
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Carlos VilarinoJun 24, 2024
Final Answer :
A
Explanation :
When a business is the first mover in a market, they have the opportunity to establish themselves as the dominant player in that market. This can lead to a monopoly if the business is successful in maintaining its position and preventing competitors from entering the market.

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