Because firms must be developing new products all the time,which of the following statements is true?
A)Competitors are likely to rapidly introduce product improvements in the market growth stage.
B)The developed economies experience technological advances more rapidly than the less-developed economies.
C)Although the life of different products varies,product life cycles are getting shorter.
D)One new invention may make possible many new products to replace old ones.
E)All these answers are correct.

Question

Quizplus · Accepted Answer

Product improvements come rapidly in the market growth stage.One new invention may make possible many new products that replace old ones; and in general,product life cycles are getting shorter.Although life cycles keep moving in the developed economies,many advances bypass most consumers in less-developed economies.

Because Firms Must Be Developing New Products All the Time,which