Asked by Ismael Colon on Apr 29, 2024
Verified
When Toyota introduced hybrid cars, there were waiting lists to buy them. Then Honda and a few other manufacturers entered the market, shifting the product life cycle for hybrid cars into the ________ stage of the product life cycle.
A) introduction
B) leveling
C) maturity
D) growth
E) decline
Product Life Cycle
The stages a product goes through from development and introduction to the market, through growth, maturity, and decline.
Hybrid Cars
Vehicles powered by a combination of an internal combustion engine and one or more electric motors that use energy stored in batteries, offering increased fuel efficiency and lower emissions compared to conventional vehicles.
Waiting Lists
Lists of individuals or entities awaiting their turn for services or goods, commonly seen in healthcare, housing, or high-demand product scenarios.
- Digest the idea of the product life cycle, detailing its stages: introduction, growth, maturity, and decline.
Verified Answer
Learning Objectives
- Digest the idea of the product life cycle, detailing its stages: introduction, growth, maturity, and decline.
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