Which of the following is a major by-product of the technological change that took place in the 1980s?
A)Rapid product obsolescence
B)Reorganization of inventory control methods
C)Well-defined property rights
D)An increase in outsourcing

Question

Quizplus · Accepted Answer

The technological change that took place in the 1980s led to the rapid development of new products and technologies, which in turn led to rapid product obsolescence. As companies worked to stay ahead of the competition by continuously introducing new products and technologies, older models quickly became outdated and were replaced. This trend continues today with even faster rates of technological change.

Which of the Following Is a Major By-Product of the Technological