“Mature Industries tend to go out of own country and into low-cost assembly locations.” Which of the…
Raymond Vernon's International Product Life Cycle (IPLC) theory explains how new products are initially innovated and manufactured in advanced high-income nations, but as…
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“Mature Industries tend to go out of own country and into low-cost assembly locations.” Which of the following theory/model explain this ?
Answer and explanation
Correct answer C
Raymond Vernon's International Product Life Cycle (IPLC) theory explains how new products are initially innovated and manufactured in advanced high-income nations, but as the product reaches the Mature/Standardized stage, price competition intensifies and manufacturing relocates to low-cost assembly locations in developing countries.
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UGC NET Management