LED (light-emitting diode) lightbulbs, such as the Cree LED bulb, have been available for only a few years in low lighting levels (lumens). They are designed to replace incandescent and compact fluorescent lightbulbs, in part because of a federal law that phases out incandescent lightbulbs in favor of more energy-efficient ones. LED bulbs are more expensive but will last up to 20 years. In what stage of the product life cycle is this product?

Question

Quizplus · Accepted Answer

LED bulbs are a relatively new product, and they are still in the early stages of their product life cycle. They are becoming more popular, but they are still more expensive than incandescent and compact fluorescent lightbulbs. As they become more affordable, they are likely to become even more popular.

LED (Light-Emitting Diode) Lightbulbs, Such as the Cree LED Bulb