Post Utme Covenant University 2020 Commerce Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2020 Commerce Objective / Multiple Choice
Question 33 POST_UTME_COVENANT_UNIVERSITY • 2020 • COMMERCE • objective

The concept of 'first-mover advantage' refers to the

Answer Options

Correct Answer A. ability of a firm to enter a market before its competitors
B. ability of a firm to exit a market before its competitors
C. ability of a firm to maintain its market share over time
D. ability of a firm to reduce its costs over time
Correct Answer
A
Correct Option:
ability of a firm to enter a market before its competitors

About This Question

This is Post Utme Covenant University 2020 Commerce Question 33. It is one of the objective questions from the 2020 Post Utme Covenant University Commerce examination.

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