DZI Entrepreneurship (Bulgaria) Practice Questions - State Matriculation Exam In Entrepreneurship (Държавен зрелостен изпит по предприемачество) Exam

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A Bulgarian start-up can enter a new app niche first, or wait and copy a proven foreign model. Which statement is the most accurate trade-off?

First movers always earn higher profit because they never face competition Late movers never succeed in the EU single market Copying a foreign model is illegal for Bulgarian SMEs Being first can capture customers and learning, but second movers may avoid the pioneer's costly mistakes

Correct Answer:

Being first can capture customers and learning, but second movers may avoid the pioneer's costly mistakes

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