Final answer:
The statement that technological information has resulted in longer product lifecycles is FALSE.
Step-by-step explanation:
The statement that technological information has resulted in longer product lifecycles is FALSE. In fact, the rapid pace of technological advancement has led to shorter product lifecycles. This is because new technologies are constantly being developed and introduced to the market, which renders older products obsolete more quickly. For example, smartphones and computers are frequently updated with newer models featuring improved specifications and features. This trend is driven by consumer demand for the latest and most advanced technology.