The strategies of time-based competition and first mover can be advantageous to companies that are most impacted by technology.

Question

Quizplus · Accepted Answer

Time-based competition focuses on reducing the time it takes to bring a product or service to market, which can be beneficial for technology companies in fast-paced industries. Being a first mover in introducing a new technology or product can give a company a competitive edge and help establish market dominance. Therefore, both strategies can be advantageous for companies most impacted by technology.

The Strategies of Time-Based Competition and First Mover Can Be