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Class 12 Business Studies Business Environment Technological environmentMedium

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Which example shows technological environment shortening a product life cycle?

Answer and explanation

Correct answer: Demand for older models falling quickly after new smartphone models arrive

New technology can quickly reduce demand for older models. Technological obsolescence is an important sign in product life cycle questions.

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Business-Environment Technological-Environment Class-12 Medium Technological Environment Business Environment Business Studies Class 12 Mcq

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