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International trade, Absolute and Comparative Advantage

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Is First Mover Advantage a must? Is it an advantage to an MNC? Give an example of a successful first-mover or follower.
Explain Absolute and Comparative Advantage and give an example as well.

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The solution discusses first mover advantage, absolute and comparative advantage.

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First mover advantage is not must for success. Companies have shown in the past that success can be achieved by pursuing follower strategy as well. First mover advantage does provide numerous benefits and advantages to an MNC or other companies, but is not the sole criteria for obtaining ...

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Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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