The International Product Life Cycle Theory explains why there are no televisions manufactured in Great Britain and the United States,although that technology was invented in those countries.

Question

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The International Product Life Cycle Theory suggests that as products mature, production locations shift to lower-cost countries, leading to the cessation of manufacturing in high-cost countries like Great Britain and the United States, despite these countries being the origin of the technology.

The International Product Life Cycle Theory Explains Why There Are