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

Quizplus · Accepted Answer

According to the product cycle theory, in the initial stages of a product's life cycle, foreign demand can be satisfied by exporting from the home country. As the product matures, production and marketing move to other countries to take advantage of lower production costs and to cater to local demand.

Under the Product Cycle Theory, Foreign Demand Can Be Initially