Generally speaking,firms with the fasted time to market with new products by using cross functional teams including suppliers,enjoy higher profits.

Question

Quizplus · Accepted Answer

This statement is true. By utilizing cross-functional teams that includes suppliers, firms are able to streamline their product development process and bring new products to market more quickly. This can lead to a competitive advantage, increased customer satisfaction, and ultimately higher profits.

Generally Speaking,firms with the Fasted Time to Market with New