Which of the following is most likely the greatest factor in the increasingly short life cycle of new retail forms?
A)changes in technology
B)economic swings
C)import and export regulations
D)stagnating retail convergence
E)global expansion of major retailers

Question

Quizplus · Accepted Answer

Changes in technology have led to advancements in online retailing, mobile commerce, and other channels that have disrupted traditional brick-and-mortar retail formats. As a result, retailers must continually adapt and innovate to keep pace with evolving consumer needs and preferences, leading to increasingly shorter life cycles for new retail forms. Economic swings, import/export regulations, and retail convergence may contribute to this trend, but are not as significant as technological change. Additionally, global expansion may actually extend the life cycle of a retail format by opening up new markets and opportunities.

Which of the Following Is Most Likely the Greatest Factor