Loren Has Invented a Product That Detects Water Leakages Caused

question 39

Essay

Loren has invented a product that detects water leakages caused by 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.Therefore,he borrows enough money from his friends to enter the market and begins to experience some success.The product is not patentable because it is too similar to other existing technologies.Major corporations have seen 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:

BAC Levels

Blood Alcohol Concentration levels, which measure the amount of alcohol in a person's bloodstream.

Impaired Judgment

A reduction in the ability to make considered decisions or judgments, which can be caused by various factors including substance abuse or mental health disorders.

High-Risk Drinking

Alcohol consumption patterns that significantly increase the risk of physical or psychological harm.

Drinks On Any Day

The consumption of liquids, such as water or beverages, without restriction to specific times or occasions.