Pager, a Simple Personal Device for Short Messages, Became Famous

question 67

Multiple Choice

Pager, a simple personal device for short messages, became famous in the 1990s. Troveron Communications launched a pager in the early twenty-first century. Due to the introduction of mobile phones and text messaging, the pager industry was on a decline. The company's innovations were not well received by the market and the product became a failure. Which of the following is the most likely reason for the product's failure in this case?

• A) poor launch timing of the product
• B) a small and fragmented target market
• C) high cost of development
• D) social and economic constraints
• E) hasty product development

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Definitions:

Lacks Consideration

A term indicating that a contract or agreement is void or invalid due to the absence of something of value being exchanged.

Disclose Contents

Revealing or making known the contents of a document or discussion, often in a legal or official context.

Next Day Off

The following day when an individual is scheduled to be free from work or obligations.

Illegal

Activities or actions that are prohibited by law and subject to criminal penalties or civil remedies.