Multiple Select Question Select all that apply Identify the true statements about product development cycle time. Multiple select question. 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. 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. 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