An important component of time-based competition is
A)mass customization.
B)concurrent engineering.
C)product stockpiling.
D)bureaucratic structure.
E)reactive design.

Question

Quizplus · Accepted Answer

Concurrent engineering is a crucial strategy in time-based competition as it involves bringing together all relevant departments and stakeholders in the product development process to work simultaneously, reducing the overall design and production time. This approach allows companies to bring products to market faster and respond more quickly to changing demand. Mass customization and product stockpiling may also be important components, but they are not directly related to reducing the time required for product development and production. Bureaucratic structure and reactive design are often obstacles to time-based competition.

An Important Component of Time-Based Competition Is