Increased product variety and shrinking product life cycles usually result in
A) the deliberate phase-out of older products.
B) a decrease in overall uncertainty for the supply chain.
C) an increase in the time allowed for a supply chain to develop specific competencies.
D) a deliberate proliferation in the variety of components used for all products produced.

Question

Quizplus · Accepted Answer

With increased product variety and shrinking product life cycles, companies often need to phase out older products to make room for newer ones. This allows them to stay relevant and competitive in the market.

Increased Product Variety and Shrinking Product Life Cycles Usually Result