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, followed by modest growth as consumers become aware of the product's benefits. However, since the production process cannot be patented, competitors are likely to enter the market quickly once the product becomes successful, leading to a leveling off of sales. The product is not likely to experience a rapid decline since it has a unique selling point (recharged by sunlight) and is only slightly more expensive than regular batteries.

Imagine Eveready Has Developed Solar Rechargeable Batteries That Cost Only