Four years ago, EllivBelle Industries introduced a fuel cell that households can use to generate their own lowcost electricity without having to buy power from electric utility companies. The product has been successful and is already in the growth stage of its life cycle. During this stage, the product is likely to have the market all to itself, because competing products normally aren't introduced until the maturity stage.

Question

Four years ago, Elliv­Belle Industries introduced a fuel cell that households can use to generate their own low­cost electricity without having to buy power from electric utility companies. The product has been successful and is already in the growth stage of its life cycle. During this stage, the product is likely to have the market all to itself, because competing products normally aren't introduced until the maturity stage.

Quizplus · Accepted Answer

While it is true that the product is in the growth stage and may have a significant market share, it is not necessarily true that there won't be any competing products introduced until the maturity stage. Competitors may enter the market at any time, particularly if the product is successful and profitable.

Four Years Ago, Elliv­Belle Industries Introduced a Fuel Cell That

Four Years Ago, EllivBelle Industries Introduced a Fuel Cell That