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:

Neo-Liberalism

An economic and political ideology and policy model that emphasizes the value of free-market competition, minimizing state intervention in the economy.

Sweeping Generalization

A broad and oversimplified conclusion or statement that does not account for exceptions or differences.

Stable

Describes a state of equilibrium or consistency within a system, characterized by the absence of significant change or fluctuation.

Socially Excluded

Individuals or groups who are marginalized from participating fully in economic, social, and cultural life of their community or society.