As a Result of the Rapid Pace of Innovation

question 35

Multiple Choice

As a result of the rapid pace of innovation:

• A) product life cycles have become short.
• B) product development cycles have become long.
• C) market segmentation has reduced.
• D) product obsolescence has slowed down.

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Definitions:

Social Policies

Plans and actions undertaken by a government or institution to address social issues and improve the welfare of its citizens.

Criteria

Standards or principles by which something is judged or decided.

Poverty

A state where an individual or community lacks the financial resources and essentials for a minimum standard of living.

Two-Year Period

A span or duration of time lasting exactly 24 months or two calendar years.