Imagine Eveready has developed solar rechargeable batteries that cost only slightly more to produce than regular batteries (less than the rechargeable batteries currently available)and can be recharged by sunlight up to 5 times, after which they are meant to be discarded. Unfortunately, the production process cannot be patented, and competitors could arrive within a few months. Which of the following is the best description of the product life cycle of this product?

Question

Quizplus · Accepted Answer

The product has a moderately slow introduction due to the lack of a patent, but with the added benefits and only slightly higher production cost, there is potential for modest growth. However, the limited number of recharges and potential for competition could lead to gradual leveling off of sales.

Imagine Eveready Has Developed Solar Rechargeable Batteries That Cost Only