A firm that is not on the cost-responsiveness efficient frontier can improve
A)both responsiveness and cost performance.
B)only responsiveness.
C)only cost performance.
D)responsiveness,but not cost performance.

Question

Quizplus · Accepted Answer

A firm that is not on the cost-responsiveness efficient frontier can improve both responsiveness and cost performance by implementing operational improvements and optimizing its production process. By doing so, the firm can reduce costs and improve the speed and flexibility of its operations, allowing it to better meet customer demands and gain a competitive advantage. Therefore, both cost and responsiveness can be improved simultaneously.

A Firm That Is Not on the Cost-Responsiveness Efficient Frontier