Lee Peterson Has Invented a New Product That Detects Water

question 39

Essay

Lee Peterson has invented a new product that detects water leaks due to broken pipes and sends out an alarm similar to a smoke alarm.However,Lee 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 Lee Peterson's company?

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Definitions:

Businesspeople

Individuals engaged in activities related to the operation, management, and organization of businesses or enterprises.

Transparency Violation

An act or situation where there is a lack of openness or clarity, often leading to mistrust or misunderstanding in various contexts.

Fictitious Persona

A made-up character or identity created to represent a user type or demographic.

Social Media

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