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Class 12 Business Studies Business Environment Technological environmentExpert

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Which statement correctly shows the relation between technological environment and product life cycle?

Answer and explanation

Correct answer: New technology can speed up the decline stage of some products

New technology can reduce demand for old products quickly. In exams identify external technological impact on life cycle.

Related tags

Business-Environment Product-Life-Cycle Decline Technological Environment Business Environment Business Studies Class 12 Mcq

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