SOFTWARE PROJECT MANAGEMENT
QUALITY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a firm produces its product with less raw material waste than its competitors
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a firm offers more reliable products than its competitors
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a firm’s products are introduced into the market faster than its competitors’
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a firm’s research and development department generates many ideas for new products
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Detailed explanation-1: -Answer and Explanation: The correct option is c) A firm’s products are introduced into the market faster than its competitor’s products. Quick response is a business strategy in which a company seeks to react fast to any changes in order to maximize productivity.
Detailed explanation-2: -Which of the following is an example of competing on the basis of differentiation? A firm offers more reliable products than its competitors do.
Detailed explanation-3: -Some of the examples of direct competitors include Coke vs Pepsi, McDonald’s vs Wendy’s vs Burger King, Honda Civic vs Toyota Corolla, Apple’s iPhone vs Samsung’s Galaxy, Boeing vs Airbus, Snapchat vs Instagram, etc. Note that for direct competition to take place, the market doesn’t have to be large.