Company X developed a highly innovative product and began exporting it. Both domestic and international markets became aware of

Question

3 years ago

10

Company X developed a highly innovative product and began exporting it. Both domestic and international markets became aware of

the product and its benefits. The product started selling in developing countries. To remain competitive, the company will start searching aggressively for low-cost production bases in developing nations. Which one of the following international trade theories does this example best explain? (A) International product life cycle (B) Country similarity (C) Global strategy rivalry (D) Porter's National Competitive advantages

Business

1 answer:

Delicious77 [7] · Answer 1 · 2022-09-25T23:06:24+03:00

Delicious77 [7]3 years ago

4 0

Answer: the correct answer is (A) international product life cycle

Explanation:

International product life cycle is based on the theory of product life cycle that basically states that a product cycle has four stages: introduction, growth, maturity and decline.