There is no evidence to support the validity of the international product life cycle

Question

Quizplus · Accepted Answer

The international product life cycle theory, proposed by Raymond Vernon in the 1960s, is supported by evidence showing how products go through different stages (introduction, growth, maturity, and decline) and how production and consumption shift between countries over these stages. This can be observed in various industries, such as technology and automobiles, where initial high-cost, innovative products are first produced and consumed in developed countries before moving production to developing countries as the product matures and standardizes.

There Is No Evidence to Support the Validity of the International