A broad-based competitive strategy that emphasizes time as the major factor for achieving and maintaining a sustainable competitive advantage is known as
A)Product life cycle
B)Time-based competition
C)Clock speed
D)Radical innovation
E)Fierce competition

Question

Quizplus · Accepted Answer

Time-based competition refers to a broad-based competitive strategy that emphasizes time as the major factor for achieving and maintaining a sustainable competitive advantage. It involves focusing on developing and delivering products or services faster than competitors, reducing cycle time, and shortening the time it takes to get products or services to market. This allows companies to respond more quickly to changing market conditions, customer needs, and emerging trends, which can give them an edge over their competitors.

A Broad-Based Competitive Strategy That Emphasizes Time as the Major