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 is likely to have a moderately slow introduction as it is a new and innovative product. After the initial introduction, it could experience modest growth. However, the product may gradually level off as competitors enter the market and offer similar products. The five-time recharge limit may also deter repeat purchases, leading to a gradual decline in sales over time. Therefore, option C, "moderately slow introduction, followed by modest growth, gradually leveling off," is the most appropriate description of the product life cycle.

Imagine Eveready Has Developed Solar Rechargeable Batteries That Cost Only