Q: What are the advantages and disadvantages of being the first mover in an industry? Are buyer-switching costs the most important factor to becoming the first mover? Give some examples of first and late mover firms. Which were the most successful? Why?
Your answer should be at least 200 words in length. You are required to use source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.