As a formerly innovative product becomes standardized, its production can be moved out of the U.S. to a country with low manufacturing costs, thus extending the product's life cycle.

Question

Quizplus · Accepted Answer

This statement is true. Once a product becomes standardized, companies may move production to countries with lower costs to maintain profitability and extend the product's life cycle.

As a Formerly Innovative Product Becomes Standardized, Its Production Can