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

Question

Quizplus · Accepted Answer

The acceleration of the pace of technological change has resulted in a dramatic shortening of product life cycles as new and improved products become available at a faster pace, making older products quickly obsolete.

Which of the Following Has Resulted in a Dramatic Shortening