One of the Two Most Important Features of Time-Based Competition

question 39

Multiple Choice

One of the two most important features of time-based competition involves ___________________.

• A) advertising on the Internet
• B) stopwatch time studies
• C) setting time standards for task performance
• D) instantaneous access to inventory information
• E) developing new products and services faster than the competitor

---

Definitions:

Experiential Time

The subjective experience and perception of time, which can vary greatly from measured clock time, often influenced by emotional states.

Physiological Time

A concept referring to time as experienced by an organism, including rhythms such as the circadian cycle.

Consumption Situation

A consumption situation refers to the context or environment in which a consumer engages with a product or service, influencing their purchasing decision and experience.

Purchase Environment

The setting or context in which a consumer buys a product or service, including the physical store, online presence, and the overall purchasing atmosphere.