According to the product life-cycle theory,pioneering firms shift production to _____ countries when product standardization and market saturation give rise to price competition and cost pressures.
A)other advanced countries
B)industrialized
C)developing
D)free market

Question

Quizplus · Accepted Answer

Raymond Vernon argues that pioneering firms subsequently shift production to developing countries when product standardization and market saturation give rise to price competition and cost pressures.Investment in developing countries,where labor costs are lower,is seen as the best way to reduce costs.

According to the Product Life-Cycle Theory,pioneering Firms Shift Production to _____