The concept of time based competition and its examples. Introduction: The introduction into a market for the first time of a product with different characteristics and innovative design ahead of its counterparts is called the time based competition. To become a time-based competitor, some modifications are needed in the organization of some of the procedures. By adopting new techniques, the total time needed to produce a product or service is decreased.

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Chapter 1.7, Problem 15P

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To determine: The concept of time based competition and its examples.

Introduction: The introduction into a market for the first time of a product with different characteristics and innovative design ahead of its counterparts is called the time based competition. To become a time-based competitor, some modifications are needed in the organization of some of the procedures. By adopting new techniques, the total time needed to produce a product or service is decreased.

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