The Most Important Determinant of the Length of a Product's

question 68

True/False

The most important determinant of the length of a product's life cycle is the rate of technological change.

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Definitions:

New Economy

Refers to the shift from traditional manufacturing and industry-based economies to an economy focused on technology, digital services, and information.

Virtual Workforce

A group of individuals who work remotely, often from various geographical locations, connected via technology.

Drawbacks

Disadvantages or negative aspects associated with a decision, action, or product.

Virtual Workforce

Employees or contractors who work remotely, using technology to perform their duties outside of a traditional office environment.