Question

According to the International Product Life Cycle Theory, the country(ies) most likely to

manufacture a product that has been recently developed (one that is the result of a brand-new design and uses patented technology) and is in its first commercialization year, is (are)
a. the country of innovation only.
b. developing countries.
c. any country with the manufacturing
technology necessary to manufacture it
d. other developed countries.
e. None of the above

Answer 1

Newly developed products in their first commercialization year are typically manufactured in the country of innovation, benefiting from their advanced technology and skilled workforce.

Step-by-step explanation:

According to the International Product Life Cycle Theory, the most likely country to manufacture a product that is newly developed and in its initial year of commercialization is typically the country of innovation. This can be attributed to the fact that such a country generally possesses advanced technology, a highly skilled workforce, and powerful institutions for training and building machinery which supports rapid technology growth. These factors allow for quick adoption of new production methods at low marginal costs, benefiting from productivity growth. In the case of Apple Corporation's iPhone production, it exemplifies how comparative advantage plays a role in global manufacturing: the United States excels in design, China in assembly due to its large skilled labor force, and Korea in producing components, having increased its scale and innovation to lower production costs.