Product life cycles for ____ are very short.These types of products are likely to be sold worldwide-or at least in viable markets-soon after their introduction in the domestic market.

Question

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High-tech products typically have short product life cycles due to the rapid pace of technological advances, which leads to continuous innovation and improvement. These products also have a global market and are often rapidly diffused internationally, driving their short product life cycle. Consumer packaged goods, services, and home textiles typically have longer product life cycles.

Product Life Cycles for ____ Are Very Short