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20 June, 05:39

Which of the following is an example of competing on quick response? A) A firm produces its product with less raw material waste than its competitors. B) A firm offers more reliable products than its competitors. C) A firm's products are introduced into the market faster than its competitors' products. D) A firm utilizes is capacity more effectively than its competitors. E) A firm advertises more than its competitors

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  1. 20 June, 06:00
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    C) A firm's products are introduced into the market faster than its competitors' products.

    Explanation:

    Quick response refers to shorten the delivery time of products and services to meet the need of customers at the right moment. This is a way to survive the competition and increase the customer satisfaction. According to this, an example of competing on quick response wil be that a firm's products are introduced into the market faster than its competitors' products as the firm will be having a better delivery time than the competition which will allow it to put the goods first in the market which will give it an advantage by being first.
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Home » Business » Which of the following is an example of competing on quick response? A) A firm produces its product with less raw material waste than its competitors. B) A firm offers more reliable products than its competitors.
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