Question

Lead-time refers to: Group of answer choices The period of time during which a firm is the leader of an industry The period of time during which a firm has discovered the largest number of innovations The time it takes followers to catch up None of the above

Answer 1

Answer: None of the above

Step-by-step explanation:

Lead time is the amount of time which passes from start of a process till the conclusion of the process. Companies review the lead time in supply chain management, manufacturing and project management during the pre-processing, processing, and the post-processing stages.

Lead time plays a vital an role in demand forecast and has a direct impact on the satisfaction of customers.