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Identify the true statements about product development cycle time.

Multiple select question.

An organization with a short development cycle is able to quickly revise or upgrade its offering as technology advances or design flaws are revealed.

A firm with a short development cycle is able to take advantage of both first$-$mover and second$-$mover advantages.

A firm that is slow to market with a particular generation of technology is likely to be able to fully amortize the fixed costs of development before that generation becomes obsolete.

Both the expense of paying a firm's employees involved in development and the firm's cost of capital reduce as the development cycle lengthens.