Which industry can be LEAST described as a slow-cycle market?
A)freight railroads
B)pharmaceuticals
C)cell phone provider
D)private ownership of highways and bridges

Question

Quizplus · Accepted Answer

The cell phone provider industry is constantly evolving with new technology and innovations, making it a fast-cycle market. On the other hand, freight railroads, pharmaceuticals, and private ownership of highways and bridges are all examples of slow-cycle markets with slow changes in technology and product offerings.

Which Industry Can Be LEAST Described as a Slow-Cycle Market