Compared with standard-cycle firms,fast-cycle firms have little loyalty to their products.

Name: Compared with standard-cycle firms,fast-cycle firms have little loyalty to their products.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

Fast-cycle firms are constantly looking for new and innovative products, and therefore have little loyalty to their current products or product lines. They are willing to quickly abandon or update products as needed to stay ahead of their competitors.

Compared with Standard-Cycle Firms,fast-Cycle Firms Have Little Loyalty to Their