Why is speed to market so important?
What will be an ideal response?
Answer: According to the textbook, one study reports that a product that is only three months late to market (three months behind the leader) loses 12 percent of its lifetime profit potential. At six months, it will lose 33 percent. Another term is time compression that captures a firm's speed in responding to consumer needs.
Business
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One of the problems with intercultural communication is that senders encode messages based on their own cultures, and receivers decode messages based on their cultures
Indicate whether the statement is true or false
Business
Office supplies are an example of:
A) direct goods. B) indirect goods. C) MRO goods. D) distributed goods.
Business