Innovation and New Technology Have Led to Longer Product Life

question 38

True/False

Innovation and new technology have led to longer product life cycles as better quality products are being produced.

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Definitions:

Contribution To Profit

The measure of how individual products, services, or business units add to the overall profit of a company.

Quadrant Model

A strategic planning tool that divides information, risks, or activities into four quadrants to facilitate analysis and decision-making.

Independent Demand

The demand for a final product or service which is not directly related to the demand for other products or services within a supply chain.