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Adam, an Entrepreneur, Believes That a Product's Life Cycle Is

Question 2

Multiple Choice

Adam, an entrepreneur, believes that a product's life cycle is important in determining trade patterns. His company's product is currently in the introduction stage of the product life cycle. According to the theory of the international product life cycle, which of the following is most likely to be true in this case?


A) The production will be the most expensive at this stage.
B) There will be focus on foreign consumers.
C) There will be increased competition and capital intensity.
D) The per-unit manufacturing cost of the product will be less.

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