The Rapid Evolution of Technology and the Need to Freeze

question 95

Multiple Choice

The rapid evolution of technology and the need to freeze a project's scope can combine to render a project:

• A)Too costly to complete.
• B)Obsolete before it can be finished.
• C)A poor fit with current company strategy.
• D)So complex that it will take too long to complete.

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Definitions:

Brand Recognition

The extent to which consumers can correctly identify a brand or its products by visual or auditory cues rather than the brand name itself.

Social Media

Online platforms where people can create content, share it, interact, and connect with others.

Millennials

A generational cohort following Generation X, typically defined as people born from the early 1980s to the late 1990s, known for their familiarity with digital communications and media.

Loyal Customers

Consumers who repeatedly purchase from the same brand or business, often showing a preference for it over competitors.