Which of the Following Is Not One of the Stages

question 74

Multiple Choice

Which of the following is not one of the stages in the international product life cycle theory?

• A) new product
• B) modified product
• C) maturing product
• D) standardized product

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Definitions:

Unilateral Contract

A type of contract in which only one party makes a promise or undertakes a performance in exchange for an act, rather than a promise, from the other party.

Consideration

A legal term referring to something of value exchanged between parties as part of a contract.

Promise

An assertion or commitment to perform a certain action or to ensure an event takes place.

Adequacy Of Consideration

In contract law, the fairness of the compensation or value exchanged in a contractual agreement, ensuring it is both lawful and substantial enough to enforce the contract.