Speedtomarket, the rate at which a firm transforms concepts into actual products, can be an important competitive advantage to a firm.

Question

Speed­to­market, the rate at which a firm transforms concepts into actual products, can be an important competitive advantage to a firm.

Quizplus · Accepted Answer

Speed-to-market allows a firm to quickly respond to customer needs and changes in the market, potentially beating competitors to market with new products or updates to existing products. This can lead to increased sales and a stronger position in the market.

Speed­to­market, the Rate at Which a Firm Transforms Concepts into Actual

Speedtomarket, the Rate at Which a Firm Transforms Concepts into Actual