Identify the incorrect statement pertaining to Raymond Vernon's product life-cycle theory.
A) Early in their life cycle,most new products are produced in and exported from the country in which they were developed.
B) As a new product becomes widely accepted internationally,production starts in other countries.
C) A product in the early stage of the product life-cycle is imported by the country where it was innovated.
D) A product may ultimately be exported back to the country of its original innovation.
Correct Answer:
Verified
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