Which industry can be LEAST described as a slow-cycle market?
A) Freight railroads
B) Pharmaceuticals
C) Cell phone provider
D) Private ownership of highways and bridges

Question

Quizplus · Accepted Answer

Cell phone provider industry can be described as a fast-cycle market, with rapid changes in technology and constant innovation. Freight railroads and private ownership of highways and bridges are typically slow-cycle markets due to their heavily regulated nature, while pharmaceuticals also operate in a slow-cycle market due to strict regulations and long development times for new drugs.

Which Industry Can Be LEAST Described as a Slow-Cycle Market