Early binding, or static binding, occurs when method calls or variable types are determined at compile time. The advantages include improved performance due to faster execution and reduced overhead, as the compiler can optimize code more effectively. However, the disadvantages include reduced flexibility, as changes to the code may require recompilation, and a lack of dynamic polymorphism, limiting the ability to use different implementations at runtime.
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possible disadvantage of early supplier involvement
Advantages: Easier loan approvals, thought out and often proven business plan, support from corporate, co-op advertising, brand name advantage etc... Disadvantages: Royalty fees, binding agreement, higher up front cost
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