Products are usually developed in emerging markets, characterized by a high level of education and lower labor costs than industrialized countries.

Question

Quizplus · Accepted Answer

Highly skilled researchers are most likely to be found in industrialized countries. Furthermore, consumers in industrialized countries are most able to afford the higher prices that new products often require to recover research and development costs. For these reasons, products in the introduction stage are likely to be developed in industrialized countries.

Products Are Usually Developed in Emerging Markets, Characterized by a High