In general, product life cycles appear to be getting longer in recent years.

Name: In general, product life cycles appear to be getting longer in recent years.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

There is no clear consensus on whether product life cycles are getting longer or shorter. It can vary by industry and product type. Some experts argue that advancements in technology and a more savvy consumer base are shortening life cycles while others believe that increased competition and global markets have led to longer life spans.

In General, Product Life Cycles Appear to Be Getting Longer