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

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Example of competing on quick response are  firm's products are introduced into the market faster than its competitors' products and firm advertises more than its competitors

Competition among firms offering similar product are unavoidable. Firms employs different tactics to attracts the market to its product before the other firm does.

Competing on quick response means activities done in short period of time to attract new and existing customer after observing activities carried out by competitors.

  • This responses are to prevent loss of existing customers.

  • Effort on the quick responses also aim to gain new customers as well

  • Advertising and introduction of new production within short period of time are examples of quick response.

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