Which of the following statement is not true about the role of timeliness?
A) Time-related issues and decisions affect costs and value.
B) Increasing processing time allows businesses to respond more quickly to demand changes
C) Timeliness can have a significant impact on the financial health of the firm.
D) There are several time-related components of value in B2C and B2B relationships.
E) Time plays equally important roles for customers and for businesses selling them.

Question

Quizplus · Accepted Answer

EB) Increasing processing time typically slows down the ability to respond to demand changes, not increases it. Timeliness in business operations often means reducing processing times to become more agile and responsive.E) The importance of time can vary between customers and businesses. For some customers, time may be a critical factor (e.g., in urgent deliveries), while for others, it might be less so. Similarly, businesses may prioritize time differently based on their operational requirements and the nature of their products or services.

Which of the Following Statement Is Not True About the Role