Because Firms Must Be Developing New Products All the Time

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.