Question

In a competitive market, an electronics company releases a smartphone that is much faster than older models. This is an example of

Answer 1

Answer:

evolution

Explanation:

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Answer 2

The given statement is example of technology development.

Explanation:

• Today's world everything is competitive.
• So, producers are innovate new product to increase the competition.
• In modern world, the various technologies are discovered to new products.
• Competitive market is a place where the producers are competite to one another for increasing the sale of the product
• The producer are produce the product for consumer need.
• The new models are developed very faster.
• Peoples are likely to use the new model product compare to old product.
• So, the electronic company releases a smartphone that is much faster than older models.
• They are like new model smartphone, laptop, tap, etc.

To Learn More...

1.When electronic markets permit prices to change faster even daily as a function of demand and supply then this practice is called :

(A) Competitive Pricing

(B) E - Marketing Pricing

(C) Yield Management Pricing

(D) None of the above

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