Question : ABC Ltd. a book publishing house published books on various subject based on CCE pattern before any other publishing house could print it. What advantage will this publishing house get?
Option 1: First mover advantage
Option 2: Early warning signal
Option 3: Adapt with rapid changes
Option 4: Improvement in performance
Correct Answer: First mover advantage
Solution :
The businessmen who are able to understand and scan the opportunities of business environment at early stage get maximum benefit or they can capture big share in the market. In the above case ABC Ltd. a book publishing house published books on various subject based on CCE pattern before any other publishing house could print it showing they will get benefit of 'first mover advantage'.
Hence, option 1 is the correct answer.




