Imagine that Eveready has developed solar rechargeable batteries that cost only slightly more to produce than the rechargeable batteries currently available.These solar batteries can be recharged by sunlight up to 5 times,after which they are to be discarded.Unfortunately,the production process cannot be patented,so competitors could enter the market within a year.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 due to the novelty of solar rechargeable batteries. It will then experience modest growth as consumers become more aware of the product and its benefits. However, once competitors enter the market, the growth rate is likely to level off as consumers have more options to choose from. The limited recharge lifespan of the batteries also means that there may not be high introductory sales or a rapid decline. Therefore, option C is the best description of the product life cycle for this product.

Imagine That Eveready Has Developed Solar Rechargeable Batteries That Cost