Which of the Following Is a Major Disadvantage of the Product

question 60

Multiple Choice

Which of the following is a major disadvantage of the product life-cycle theory introduced by Vernon?

• A) The theory's arguments seem ethnocentric and increasingly dated.
• B) The theory failed to explain the dominance of developed nations.
• C) The theory applies only when a poor nation invents a new product.
• D) The theory cannot be used to explain the production of luxury products.

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Definitions:

Monitor

A monitor is a display device that provides a visual interface for computers, allowing users to view and interact with the operating system and applications.

Keyboard

An input device consisting of a set of individual keys that allows a user to enter data or commands into a computer or other electronic devices.

Printer

A device that transfers text and images from a computer onto paper or other media.

Hardware

The physical components of a computer system, such as the CPU, memory, and input/output devices.