As a result of the rapid pace of innovation:
A) product life cycles have become short.
B) product development cycles have become long.
C) market segmentation has reduced.
D) product obsolescence has slowed down.

Question

Quizplus · Accepted Answer

The rapid pace of innovation has resulted in shorter product life cycles, as newer and improved products are constantly being introduced to the market, making older products quickly become obsolete.

As a Result of the Rapid Pace of Innovation