A firm with fast cycle development processes
A) can introduce a refined version of a competitor's technology.
B) is susceptible to more quality problems.
C) can exit the market sooner.
D) has only a first mover advantage.

Question

Quizplus · Accepted Answer

A firm with fast cycle development processes can introduce a refined version of a competitor's technology because they can quickly identify and respond to market needs and improve existing technology. They may also be able to introduce new products and services faster than their competitors. However, they may also be more susceptible to quality problems if they prioritize speed over quality assurance. The fact that they can exit the market sooner is not necessarily an advantage, and having a first mover advantage is a separate concept from fast cycle development processes.

A Firm with Fast Cycle Development Processes