Vernon's product life-cycle theory was based on the observation that for most of the 20^th century,a very large proportion of the world's new products had been developed by U.S.firms and sold first in the _____ market.

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Vernon's theory was based on the observation that for most of the 20^th century,a very large proportion of the world's new products had been developed by U.S.firms and sold first in the U.S.market.

Vernon's Product Life-Cycle Theory Was Based on the Observation That