Loren Has Invented a New Product That Detects Water Leakages

question 43

Essay

Loren has invented a new product that detects water leakages due to broken pipes and sends out an alarm similar to a smoke alarm.However,Loren has very little personal money to invest in this new product.He finally raised enough money to enter the market and began to experience some success.The product was not patentable because it was too similar to other existing technologies.Major corporations saw his success and have now entered the market with competing products.What will be the probable destiny of Loren's company?

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Definitions:

Investments

Assets or items acquired with the goal of generating income or appreciation, such as stocks, bonds, real estate, or commodities.

Average Rate

The mean rate calculated over a period or series of events, often used in finance to describe average interest or return rates.

Return

The profit or loss derived from an investment over a particular period, usually expressed as a percentage.

Investment

Putting money into channels with the expectation of financial growth or profit generation.