One of the key underlying assumptions in the international product cycle theory is that:
A)"What goes around, comes around."
B)"Necessity is the mother of invention."
C)"If it ain't broke, don't fix it."
D)"You get what you pay for."
E)"If something can go wrong, it usually will."

Question

Quizplus · Accepted Answer

The international product cycle theory suggests that new products typically originate in wealthier countries, responding to local demand, and then spread globally. This aligns with the idea that "Necessity is the mother of invention," as innovations often arise from the need to solve a problem or fulfill a need.

One of the Key Underlying Assumptions in the International Product