In the third stage of the product life cycle theory,the _____.
A) demand and ability to produce the product grow in developed nations
B) product is standardized
C) lead innovation nation starts exporting more and importing less
D) production of a product commanding a price premium will be concentrated in the lead innovation nation

Question

In the third stage of the product life cycle theory,the _____.
A) demand and ability to produce the product grow in developed nations 
B) product is standardized 
C) lead innovation nation starts exporting more and importing less 
D) production of a product commanding a price premium will be concentrated in the lead innovation nation

Quizplus · Accepted Answer

In the third stage of the product life cycle theory, the product becomes standardized, meaning it has become well-established in the market and is no longer a new or innovative offering. This standardization often leads to increased competition and the search for cost efficiencies, possibly moving production to locations with lower costs.

In the Third Stage of the Product Life Cycle Theory,the