Which of the following statements is true regarding the length of product life cycles?
A) Product life cycles last 5 years for each product idea.
B) Product life cycles average 90 days.
C) Movies have very long product life cycles.
D) Product life cycles vary in length but are generally getting shorter.
E) Product life cycles will be identical in length across every geographic region since the cycle applies to one product idea or category.

Question

Quizplus · Accepted Answer

Product life cycles can vary in length depending on the industry, competition, and other factors, but overall they are getting shorter due to advances in technology, changes in consumer preferences, and increased global competition.

Which of the Following Statements Is True Regarding the Length