The international product life cycle theory states that in the maturing product stage, production facilities are introduced in countries with the highest demand.

Question

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According to the international product life cycle theory, production facilities are introduced in countries with the highest demand during the maturing product stage. This is because the demand for the product has increased to a level where it is profitable to produce it locally in the country with high demand, rather than exporting it from the original country of production. This allows for local customization, reduced transportation costs, and faster delivery times, making the product more competitive in the local market.

The International Product Life Cycle Theory States That in the Maturing