Question

multiple choice question
when comparing early and late entrants into a market, it can be said that

late entrants build brand loyalty required to achieve a significant presence in the market.
early entrants build brand loyalty and gain experience in a countrys business practices.
early entrants fail to reap the benefits of foreign direct investment policies.
late entrants reap substantial benefits and experience necessary to achieve a significant presence in the market.

Explanation:

Early market entrants have the first-mover advantage, which includes establishing brand loyalty with customers early on and gaining hands-on experience with the local business environment and practices. Late entrants face challenges in building brand loyalty due to existing established players, and early entrants are more likely to benefit from FDI policies rather than failing to. Late entrants do not inherently gain the necessary experience or benefits to establish a significant presence easily compared to early entrants.

Answer:

early entrants build brand loyalty and gain experience in a country's business practices.