As markets become more turbulent and unpredictable,quick-response capability depends primarily upon:
A)Good forecasting
B)Early identification of emerging changes
C)Speed of response
D)Early identification of emerging changes together with speed in responding to them

Question

Quizplus · Accepted Answer

While good forecasting is important, it is not always possible to accurately predict market changes. Early identification of emerging changes is crucial, but alone it is not enough. In order to have a quick-response capability, it is necessary to combine early identification of emerging changes with speed in responding to them. Only then can a company effectively adapt to market turbulence and maintain a competitive edge.

As Markets Become More Turbulent and Unpredictable,quick-Response Capability Depends Primarily