Which of the Following Is TRUE About the First Stage

question 77

Multiple Choice

Which of the following is TRUE about the first stage of evolution in the international product life cycle theory?

• A) The product enjoys a temporary monopoly at this stage.
• B) The product's inventors mass-produce it and seek to export it.
• C) The knowledge about how to produce the product is widespread.
• D) The competition intensifies at this stage and export orders begin to come from lower-income countries.

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Definitions:

Evaluate

To assess or determine the value, significance, or extent of something.

Six-figure Accuracy

Six-figure accuracy refers to a level of precision in which a number is accurate to six significant digits, indicating extremely precise measurement or calculation.

Evaluate

To evaluate or gauge the worth, importance, or magnitude of something.

Six-figure Accuracy

A measure of precision that implies numerical values are accurate to within plus or minus one out of a hundred thousand.