Under the Product Cycle Theory, foreign demand can be initially satisfied by exporting.

Name: Under the Product Cycle Theory, foreign demand can be initially satisfied by exporting.
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Question

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According to the Product Cycle Theory, a company's foreign demand can be initially fulfilled through exporting. In the initial stage of a product's life cycle, a company starts by exporting the product to meet foreign demand before investing in production facilities in foreign markets to meet local demand.

Under the Product Cycle Theory, Foreign Demand Can Be Initially