Why is speed to market critical to market demand?
A) It reduces overall cost of product development.
B) It allows more time for product recalls.
C) It allows the company to conduct more concept testing.
D) It produces stronger outcomes on the business analysis process.
E) It allows the company to become entrenched in the marketplace.

Question

Quizplus · Accepted Answer

Speed to market allows the company to become entrenched in the marketplace, meaning they can gain a competitive advantage and establish a stronger market position before competitors have a chance to respond. This can lead to increased demand for the product and higher profits for the company.

Why Is Speed to Market Critical to Market Demand