Which of the following factors cause markets to be dynamic?
I. changes in tastes
II. changes in technology
III. new idea development
A) I and II only
B) II only
C) I, II, and III
D) I only

Question

Quizplus · Accepted Answer

All three factors (changes in tastes, changes in technology, and new idea development) contribute to making markets dynamic. Changes in tastes can lead to shifts in demand and create new market opportunities. Changes in technology can change the way goods and services are produced and delivered, creating new market efficiencies and disrupting existing markets. New idea development can lead to the creation of entirely new products and markets. Together, these factors make markets constantly evolving and dynamic.

Which of the Following Factors Cause Markets to Be Dynamic