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Mila [183]
3 years ago
14

A product is invented in Country X and is first manufactured there. The International Product Life Cycle Theory holds that the p

roduct will be manufactured in developing countries within a couple of years. T/F
Business
1 answer:
kirza4 [7]3 years ago
7 0

Answer:

False

Explanation:

International Product Cycle is a model that patterns international manufacturing & trade of product . It has 4 stages :

  • Introduction - Innovated Invention in a developed country. Limited production & consumption, no competition
  • Growth - Spread to other developed countries, foreign production & competition starts, consumption & coverage rise.
  • Maturity - Spread to developing countries, stagnant growth in developed countries & fast growth in less developed countries
  • Decline - Spread to less developed countries, technology outdated, various substitutes emerge & no. of sellers decline, demand still exist in less developed countries.

So: the next stage after 'Innovated Invention' in a developed country X is - its growth in other developed countries, not 'manfacturing in developing countries' (reflected in 3rd maturity stage).

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tensa zangetsu [6.8K]

Answer:

Economic efficiency

Explanation:

Economic efficiency is when the allocation of resources in an economy is fully optimal and benefits all economic agents. It is when nothing can be improved without putting another at a disadvantage.

It is when there's equilibrium in the economy.

I hope my answer helps you

4 0
3 years ago
How can international trade agreements lead to economic growth
LUCKY_DIMON [66]
To answer the question above on how can international trade agreements lead to economic growth is that it can boost the country's development special to the third world country or other poor country that needs to open their market benefiting that it earns because of more investments coming in.
3 0
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Igoryamba

Answer:

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Explanation:

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Hence, the above represent the answer

7 0
3 years ago
Bruce enjoys working one on one with individuals who are struggling to cope with a situation. He has great interpersonal skills
Anon25 [30]

Your answer would be mental health counselor.

Hope it helps!

5 0
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