Over time, industry life cycles become longer and longer.

Name: Over time, industry life cycles become longer and longer.
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

Industry life cycles have become shorter due to increasing technological advancements and disruptions in the market. New technologies and innovations have made it easier for new companies to enter the market, and established businesses must adapt quickly to stay relevant. This has led to a faster pace of change and a shorter lifespan for products and industries.

Over Time, Industry Life Cycles Become Longer and Longer