Perhaps the most obvious area where firms are concentrating their time-reduction efforts is during new-product and process development along with achieving innovation.

Question

Quizplus · Accepted Answer

This statement accurately describes the trend in time-reduction efforts among firms. Companies are increasingly focused on reducing the time it takes to bring new products to market and to develop new processes and innovations. This allows them to stay competitive and respond more quickly to changing customer needs and market demands.

Perhaps the Most Obvious Area Where Firms Are Concentrating Their