Asked by Ismael Colon on Apr 29, 2024

verifed

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.
verifed

Verified Answer

QG
Quneshial GivensMay 01, 2024
Final Answer :
D
Explanation :
When Honda and other manufacturers entered the market, it indicated that hybrid cars were becoming more popular and widely accepted, which is characteristic of the growth stage in the product life cycle. This stage follows the introduction phase and is marked by a rapid increase in sales and the entrance of competitors.