The increasing pace of technological innovation has resulted in shorter product life cycles.

Question

Quizplus · Accepted Answer

Technological innovation has significantly reduced the lifespan of products, resulting in shorter product life cycles. With the advancement of technology, new products are introduced in the market more frequently, and customers are likely to switch to the latest products. This has prompted manufacturers to introduce new products in the market to keep up with the competition, resulting in shorter product life cycles.

The Increasing Pace of Technological Innovation Has Resulted in Shorter