Some experts claim that the life cycle of technology products is approximately 18 months,meaning the industry changes that rapidly.This rate of change in environmental and competitive factors is an example of _____.
A) entropy
B) history snuffing
C) timeliness
D) market dynamism

Question

Quizplus · Accepted Answer

Market dynamism refers to the rapid change in environmental and competitive factors in an industry, including technology products, which makes it difficult to predict and respond to market trends. The 18-month life cycle of technology products is an example of this market dynamism. Entropy refers to a measure of disorder or randomness in a system, while history snuffing and timeliness are not relevant to the given scenario.

Some Experts Claim That the Life Cycle of Technology Products