In his product life-cycle theory,Raymond Vernon argued that for most of the twentieth century a very large proportion of the world's new products had been developed by U.S.firms,produced in the U.S. ,and sold first in the U.S.market.What reasons does he cite for U.S.firms basing initial production at home and not at some low-cost foreign location?

Question

Quizplus · Accepted Answer

The Answer of In his product life-cycle theory,Raymond Vernon argued that for most of the twentieth century a very large proportion of the world's new products had been developed by U.S.firms,produced in the U.S. ,and sold first in the U.S.market.What reasons does he cite for U.S.firms basing initial production at home and not at some low-cost foreign location?

In His Product Life-Cycle Theory,Raymond Vernon Argued That for Most