What has created a dramatic shortening of product life cycles today?
A) acceleration of the pace of technological change
B) lack of domestic competition
C) affluence of customers
D) increase in the number of educated consumers
E) removal of trade barriers

Question

Quizplus · Accepted Answer

The acceleration of the pace of technological change leads to rapid innovation and development, causing products to become obsolete faster, thus shortening their life cycles.

What Has Created a Dramatic Shortening of Product Life Cycles