According to the international product life cycle theory,in which of the following stages is a good produced in the home country because of uncertain domestic demand and to keep production close to the research department?
A) standardized product stage
B) maturing product stage
C) declining product stage
D) new product stage

Question

Quizplus · Accepted Answer

According to the international product life cycle theory, in the new product stage, a good is produced in the home country because of uncertain domestic demand and to keep production close to the research department. This is because the product is new and untested, and the domestic market may not yet fully understand or trust it. Therefore, it makes sense to produce it in the home country, where the research and development team can closely monitor its performance and make any necessary adjustments before expanding production to other countries.

According to the International Product Life Cycle Theory,in Which of the Following