Technological innovation has led to longer product life cycles and hence a need to bring new products to market more rapidly.

Name: Technological innovation has led to longer product life cycles and hence a need to bring new products to market more rapidly.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Technological innovation often shortens product life cycles, as new and improved products are developed more rapidly, increasing the need for companies to innovate and bring new products to market quickly to stay competitive.

Technological Innovation Has Led to Longer Product Life Cycles and Hence