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

Question

Quizplus · Accepted Answer

The greatest factor in the increasingly short life cycle of new retail forms is changes in technology. As technology advances, new retail forms are created and old ones become outdated or obsolete. Retailers need to adapt quickly to these changes in order to stay competitive and appeal to consumers. Failure to do so can result in a short life cycle for the retail form.

Which of the Following Is Most Likely the Greatest Factor