_________ Suggests That in the First Stage Innovations Are Produced

question 5

Multiple Choice

_________ suggests that in the first stage innovations are produced in the home developed country; in the second stage they are exported to other similarly developed countries; in the third stage,they start being produced in these developed countries; in the fourth stage they start being produced in low-wage developing countries.

• A) Vernon's product cycle theory
• B) Johanson and Vahlne's stages theory
• C) Dunning's eclectic theory
• D) Levitt's globalization theory

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Definitions:

Global Corporations

Large business entities that operate and provide services or goods in multiple countries outside of their country of origin.

Country

A geographical region recognized as a distinct entity in political geography, often defined by territorial boundaries and governance.

Carbon Dioxide Emissions

The release of CO2 into the atmosphere by natural processes and human activities, notably the burning of fossil fuels, which contributes to global warming.

Top Producer

An individual, company, or country that is the highest performing or yielding the greatest output in a specific field or market.