Why Are a Growing Number of Products Being Introduced Each

question 76

Multiple Choice

Why are a growing number of products being introduced each year and competing for limited shelf space?

• A) New knowledge is being applied faster in the area of product development.
• B) There is an increase in time between product introductions.
• C) Companies are consistently removing old products from the market.
• D) The time-to-market has substantially increased in recent years.

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Definitions:

Significant Piece

An important or notable part of something, often referring to a key element that has a major impact or role.

Legislation

Laws or statutes that have been formally enacted by a legislative body to regulate, authorize, prohibit, or provide frameworks for various activities and policies.

Agency

An organization, company, or bureau that provides a specific service.

Polygraph Test

A lie detector test that measures and records several physiological indices such as blood pressure, pulse, respiration, and skin conductivity while the subject answers a series of questions.