A factor in a business environment which increases the ra...
A factor in a business environment which increases the rate of product obsolescence is?
technology
political
legal
economic
Correct answer is A
In business, technology provides a faster, more convenient, and more efficient way of performing business transactions. With this, old products and services become outdated and obsolete to meet demand when the firms do not upgrade to emerging technologies.
Which of the following is an example of extractive industry? ...
Gross profit is correctly ascertained by ...
An aspect of marketing that stimulates buying by providing free gifts is? ...
Which of the following is an example of a commercial occupation? ...
In international trade, documentary credit is also known as? ...