The satellite dish at Faye's weekend home has malfunctioned.When she calls to have the dish repaired, the service representative tells her that the dish is obsolete and that parts for it are no longer made.Faye must replace the old dish with a new dish.This is an example of lack of firm loyalty to a product in a fast-cycle market.

Question

Quizplus · Accepted Answer

In a fast-cycle market, products become obsolete quickly due to rapid technological advancements, leading firms to focus on innovation rather than loyalty to older products.

The Satellite Dish at Faye's Weekend Home Has Malfunctioned