Posted by: Pdfprep
Post Date: December 31, 2020
Which of the following theories is illustrated in the list below?
Stage 1: A new product is created to fill a domestic need and produced locally.
Stage 3: The newly created product is offered to international customers.
Stage 4: International customers develop expertise and offer the product at a lower cost to the original country.
A . International product life cycle theory
B . Porter’s cluster theory
C . Sheffi’s logistics cluster theory
D . Theory of Comparative Advantage
Answer: A
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