In order to compete effectively, standard-cycle firms need all of the following EXCEPT:
A) large market share.
B) customer loyalty through brand name.
C) careful control of operations to preserve consistency for customers.
D) rapid and continuous product introductions.

Question

Quizplus · Accepted Answer

Standard-cycle firms do not necessarily need rapid and continuous product introductions; this is more characteristic of fast-cycle markets. Instead, they focus on maintaining market share, customer loyalty, and operational consistency.

In Order to Compete Effectively, Standard-Cycle Firms Need All of the Following