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.

Question

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.

ang kokwei · Accepted Answer

International product life cycle theory

ang kokwei · Answer

Porter’s cluster theory

ang kokwei · Answer

Sheffi’s logistics cluster theory

ang kokwei · Answer

Theory of Comparative Advantage

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