Question

A firm who is adept at recognizing global windows of opportunity, acting on those very quickly, with tight linkages can be said to be competing on:

a)Cost
b)Flexibility
c)Quality
d)Speed
e)dependability

Answer 1

The correct answer is (D)

Step-by-step explanation:

It is very important to take quick actions to grasp an opportunity. As, many firm compete with each other recognising an opportunity and acting quickly is one way to gain a competitive advantage. In this scenario, a company looks for a new opportunity and they act quickly which whose that they are competing on speed.