Competitive dynamics in fast-cycle markets often result in:
A)changing consumer tastes and rapid product upgrades
B)fast technology diffusion and quick product innovations
C)changing consumer tastes and fast technology diffusion
D)rapid product upgrades and quick product innovations

Question

Quizplus · Accepted Answer

Competitive dynamics in fast-cycle markets often result in rapid product upgrades and quick product innovations as companies try to stay ahead of competitors and meet changing consumer demands. While changing consumer tastes and fast technology diffusion may also occur, these factors are not as directly related to competition and market dynamics as product upgrades and innovations.

Competitive Dynamics in Fast-Cycle Markets Often Result In