Which of the Following Is an Example of Competing on Quick

question 24

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 do.
• B) A firm offers more reliable products than its competitors do.
• C) A firm's products are introduced into the market faster than its competitors' products.
• D) A firm utilizes its capacity more effectively than its competitors do.
• E) A firm advertises more than its competitors do.

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Definitions:

Psychographic Motivations

Psychological factors that influence an individual's behavior and preferences, such as values, beliefs, and lifestyle.

Big Data User

Refers to individuals or organizations that analyze and interpret large volumes of diverse data to uncover patterns, correlations, market trends, or customer preferences.

Active Customers

Consumers who actively engage with a brand or product through purchases, feedback, and participation in loyalty programs.

Amazon

A global e-commerce and technology company offering a wide range of products and services, including online retail, digital streaming, and artificial intelligence technologies.