A product is invented in Country X and is first manufactured there.The International Product Life Cycle Theory holds that the product will be manufactured in developing countries within a couple of years.

Question

Quizplus · Accepted Answer

The International Product Life Cycle Theory suggests that a product is initially produced in the country where it was invented. Over time, as the product matures and becomes standardized, production may shift to developing countries to take advantage of lower labor costs, but this process typically takes longer than "a couple of years" and depends on various factors such as the complexity of the product, intellectual property rights, and the ability of developing countries to meet production standards.

A Product Is Invented in Country X and Is First