When purchasing consumer electronics or other high-technology products, most consumers are aware that within a year after making a purchase, it is likely that a new model-or an entirely new product idea-will offer more features for the same amount of money. This phenomenon is a good example of the fact that:
A) Product life cycles are getting longer.
B) Product life cycles are getting shorter.
C) The product life cycle rarely changes in length.

Question

Quizplus · Accepted Answer

The fact that new models or product ideas offering more features for the same amount of money within a year after making a purchase indicates that the product life cycles are getting shorter. This is because the time between the introduction of new products or models is decreasing, which reduces the time available for consumers to utilize their existing products before a newer and better version appears on the market.

When Purchasing Consumer Electronics or Other High-Technology Products, Most Consumers