Question

Company X developed a highly innovative product and began exporting it. Both domestic and international markets became aware of the product and its benefits. The product started selling in developing countries. To remain​ competitive, the company will start searching aggressively for​ low-cost production bases in developing nations. Which one of the following international trade theories does this example best​ explain? (A) International product life cycle (B) Country similarity (C) Global strategy rivalry (D) Porter's National Competitive advantages

Answer 1

Answer: the correct answer is (A) international product life cycle

Step-by-step explanation:

International product life cycle is based on the theory of product life cycle that basically states that a product cycle has four stages: introduction, growth, maturity and decline.