Ford and Toyota both have hybrid vehicles in their respective product lines.Sales have been slow to rise over the past year, and profit is likely yet to be achieved.In what stage of the product life cycle is this product category?

Question

Quizplus · Accepted Answer

The hybrid vehicle category is likely in the introduction stage, as sales are slow to rise and profit has not yet been achieved, which are characteristics of this early stage in the product life cycle.

Ford and Toyota Both Have Hybrid Vehicles in Their Respective