Multiple Choice
Which of the following statements is true about product life cycle theory?
A) The theory was developed in the 1960s when the U.S. was the leader in R&D.
B) The international system of production is becoming too complicated to be explained by a simple version of the product life cycle theory.
C) It predicts that over time the U.S. switches from an exporting country of new products to an importing country.
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
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