It Has Been Observed That Most New Products Have Shorter

question 57

Multiple Choice

It has been observed that most new products have shorter product life cycles. What is the reason for this?

• A) Most new products do not use technology.
• B) Most new products are not backed by a marketable idea.
• C) New products do not get adequate management support.
• D) Social and governmental constraints lead to this failure.
• E) Rivals quickly copy products that are successful.

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Definitions:

Amnesic

Pertaining to amnesia, a condition characterized by loss of memory, often due to brain injury, disease, or psychological trauma.

Phobic

Exhibiting or pertaining to an extreme or irrational fear or aversion to a specific object, situation, or activity.

Obsessive-Compulsive Disorder

A mental disorder characterized by persistent, unwanted thoughts (obsessions) and repetitive behaviors (compulsions) as a way to manage anxiety.

Agoraphobia

is an anxiety disorder characterized by intense fear of places or situations where escape might be difficult or help might not be available, often leading to avoidance behaviors.