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Question:
The optimal timing of entry is a function of several factors, including the margin of advantage offered by the new innovation, the state of enabling technologies and complements, the state of customer expectations, the threat of competitive entry, whether the industry faces increasing returns, and a firm''s resources.
Respond to the following:
What are some advantages of entering a market early?
Are there any disadvantages to entering a market late?
Give an example to explain your answers
Verified Expert
This assignment has been prepared with the purpose of identifying advantages of early entry in the market and disadvantages of late entry in the market. There is also a mention about examples of for each of such event. The paper has discussed these examples elaborately and thus helped in gaining knowledge as well. It enhances the aspects that market participants need to follow before entering a market.The paper has been prepared in Microsoft word document.
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