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.

Question

Quizplus · Accepted Answer

Competing on quick response refers to a company's ability to introduce products or services faster than its competitors. Option C is the only choice that describes this type of competitive strategy. The other options refer to different types of competitive strategies, such as reducing waste (A), improving product reliability (B), increasing production efficiency (D), or marketing (E).

Which of the Following Is an Example of Competing on Quick