Question

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.B) A firm offers more reliable products than its competitors.C) A firm's products are introduced into the market faster than its competitors' products.D) A firm utilizes is capacity more effectively than its competitors.E) A firm advertises more than its competitors

Answer 1

Answer:

C) A firm's products are introduced into the market faster than its competitors' products.

Explanation:

Quick response refers to shorten the delivery time of products and services to meet  the need of customers at the right moment. This is a way to survive the competition and increase the customer satisfaction. According to this, an example of competing on quick response wil be that a firm's products are introduced into the market faster than its competitors' products as the firm will be having a better delivery time than the competition which will allow it to put the goods first in the market which will give it an advantage by being first.