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

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Definitions:

School of Thought

A collection or group of people who share common characteristics of opinion or outlook of a philosophy, discipline, belief, social movement, economics, cultural movement, or art movement.

Multifactorial Approach

An analytical strategy considering multiple factors or causes in understanding phenomena or outcomes.

Situational Factors

External influences that affect an individual's behavior or performance in a given context or environment.

Personal Factors

Characteristics or qualities relating to an individual that can influence their behavior, decisions, and interactions with the environment.