Competitive advantage is gained by firms that can _____ the cycle time of an established process.
A)increase
B)decrease
C)maximize
D)both a and c

Question

Quizplus · Accepted Answer

By decreasing the cycle time of an established process, firms can produce products or deliver services faster and more efficiently than their competitors, giving them a competitive advantage. Increasing the cycle time or maximizing it may result in longer wait times for customers and increased costs, negating any advantages.

Competitive Advantage Is Gained by Firms That Can _____ the Cycle