.The increased pace of innovation has only had a negligible effect on market segmentation and product obsolescence.

Question

Quizplus · Accepted Answer

The increased pace of innovation has had a significant effect on market segmentation and product obsolescence. New technologies and products are constantly emerging, leading to a faster turnover of products and a need to target specific niches within the market. This has resulted in increased segmentation and shorter product lifecycles.

The Increased Pace of Innovation Has Only Had a Negligible