A Speedy Response to Market Changes Is Not Vital to the Competitive

question 23

True/False

A speedy response to market changes is not vital to the competitive success of an organization that is following a low-cost business-level strategy.

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Definitions:

Involuntary Developmental

Growth or changes that occur without conscious control or decision, often biological or physiological processes.

Sensorimotor Period

A stage of development in Piaget's theory, occurring from birth to approximately 2 years of age, where infants learn about their world through their senses and motor activities.

Reflexive

Pertaining to or characterized by reflex action; automatic and involuntary response to stimuli.

Primary Circular Reactions

Repetitive actions in very young infants, which serve to build the infant’s own sensory-motor coordination.