Innovation and New Technologies Have Led to Longer Product Life

question 25

True/False

Innovation and new technologies have led to longer product life cycles and slower product obsolescence.

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Definitions:

Financial Discipline

The practice of managing finances in a structured and controlled manner, often to achieve specific financial goals.

Nonprofit Organizations

Organizations that operate for the public or social benefit without the aim of making profits for owners or stakeholders.

Increased Efficiency

An improvement in the ability to produce more output with the same amount of input or less.

Shared Values

Core beliefs or standards that are commonly held and guide an organization's or group's actions and decisions.