Which of the Following Is an Example of Competing on Quick

question 14

Multiple Choice

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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Definitions:

Roosevelt's Inauguration

The ceremony marking the beginning of Franklin D. Roosevelt's presidency, notable for his speech declaring the only thing to fear is "fear itself" during the Great Depression.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold, ensuring stable prices and exchange rates.

Consumer Faith

The confidence and trust that consumers have in the quality, safety, and reliability of the products and services they purchase.

Foreign Banks

Financial institutions based in one country but offering services in another, often playing significant roles in global finance and investment.