Innovation is important because of ________-when a product is no longer viable because consumers' needs change or a competitor has a better product.
A) failure of a new product
B) long development time
C) discontinuous development
D) product obsolescence
E) dynamic innovation

Question

Quizplus · Accepted Answer

Product obsolescence occurs when a product becomes outdated or no longer meets the consumers' needs, often due to innovations or better products introduced by competitors. This makes innovation crucial to keep products relevant and competitive.

Innovation Is Important Because of ________-When a Product Is No