Question

Business strategies built around functional capabilities and activities that allow the company to meet customer needs more rapidly than its main competitors are referred to as ________ strategies.

Answer 1

The correct word for the blank space is: Speed-based.

Step-by-step explanation:

Speed-based strategies are focused on giving customer quick responses overall because of the technological changes being implemented in nowadays business world. The speed at which an organization can react to market changes has become a competitive advantage every organization must be able to develop to survive.