Multiple Choice
Which of the following theories is illustrated in the list below? Stage 1: A new product is created to fill a domestic need and produced locally. Stage 3: The newly created product is offered to international customers. Stage 4: International customers develop expertise and offer the product at a lower cost to the original country.
A) International product life cycle theory
B) Porter's cluster theory
C) Sheffi's logistics cluster theory
D) Theory of Comparative Advantage
Correct Answer:

Verified
Correct Answer:
Verified
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