Why Are More Companies in Developed Countries Introducing New Products

Multiple Choice

Why are more companies in developed countries introducing new products at a faster pace and using technological innovation to reduce production costs?

A) the licensing of technology to other companies has become an important revenue stream at many companies
B) there has been significant growth in the formation of high technology startups
C) more companies that once produced commodity products are now seeking to differentiate their offerings
D) reduced costs and improved quality of products made in lower wage countries have posed a major challenge for firms in developing countries