response time

noun
1.
Psychology. the time consumed in making a response.
2.
Computers. the time that elapses while waiting for a computer to respond to a command.

Origin:
1955–60

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
response time
 
n
computing the length of time taken by a system to respond to an instruction

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
In this case the study addresses whether playing fast-paced action games
  results in better response time and decision making.
It's a series of puzzles and problems that test an astronaut's response time
  and accuracy.
While the response time is excellent, the data throughput of this technique is
  a bit limited.
Reliable equipment is crucial to meeting response time goals and citizen
  expectations.
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