Because Firms Must Be Developing New Products All the Time

question 91

Multiple Choice

Because firms must be developing new products all the time, which of the following statements is true?

• A) Competitors are likely to rapidly introduce product improvements in the market growth stage.
• B) The developed economies experience technological advances quicker than the less-developed economies.
• C) Although the life of different products varies, product life cycles are getting shorter.
• D) One new invention may make possible many new products to replace old ones.
• E) All of these statements are true.

---

Definitions:

Wire

A slender, flexible strand or rod of metal used to bear mechanical loads or electricity and telecommunication signals.

Biological Drives

Innate impulses in living organisms that contribute to their survival, such as hunger, thirst, and the instinct for reproduction.

Contact Comfort

The psychological and emotional comfort that an infant derives from being in physical contact with its caregiver, suggesting the importance of touch in social and emotional development.

Signs of Distress

Indicators or symptoms showing that an individual is experiencing emotional or physical discomfort.