If the environment of a firm is described as fast cycle the key to success for a firm would be:
A) adequate financing to overcome competitive pressures
B) marketing capability to explain differences in the firm's product
C) high levels of investment in capital assets in order to control output
D) continuous improvement in the firm
E) patent protection to prevent copying of their ideas by others

Question

Quizplus · Accepted Answer

In a fast-cycle market, continuous improvement is crucial as it allows a firm to quickly adapt to changes, innovate, and stay ahead of competitors who can rapidly imitate and surpass existing products.

If the Environment of a Firm Is Described as Fast