The product lifecycle theory contends that when a new product is introduced to the home market, it generally requires low-skilled labor to produce it.

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The product lifecycle theory suggests that when a new product is introduced, it typically requires high-skilled labor for its innovation and initial production phases, not low-skilled labor. As the product matures and production processes become standardized, it may then shift towards using more low-skilled labor.

The Product Lifecycle Theory Contends That When a New Product