Which of the following has resulted in a dramatic shortening of product life cycles?
A)Acceleration of the pace of technological change
B)Lack of domestic competition
C)Affluence of customers
D)An increase in the number of educated consumers
E)Removal of trade barriers

Question

Quizplus · Accepted Answer

In today's world, competition is as much about technological innovation as anything else. The pace of technological change has accelerated since the Industrial Revolution in the eighteenth century, and it continues to do so today. The result has been a dramatic shortening of product life cycles.

Which of the Following Has Resulted in a Dramatic Shortening