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:

Government Spending

The total amount of money spent by the government on various services, infrastructure projects, and welfare programs.

Marginal Propensity

A measure of how much an individual's or household's consumption changes when their income changes by one unit.

Multiplier

In economics, it refers to the factor by which gains in total output are greater than the change in spending that caused it, often associated with fiscal policy.

Interest-earning Assets

Assets owned by a person or corporation that generate interest income.