Markets that are often described as dynamic and innovative are called:
A)slow-cycle markets
B)fast-cycle markets
C)standard-cycle markets
D)sheltered markets

Question

Quizplus · Accepted Answer

Fast-cycle markets are often characterized by frequent and rapid introduction of new products and technologies, making them dynamic and innovative. Slow-cycle markets are characterized by a slower pace of change, while standard-cycle markets are somewhere in between. Sheltered markets are usually protected from competition by various barriers to entry.

Markets That Are Often Described as Dynamic and Innovative Are