On Which of the Following Observations Was Raymond Vernon's Product

question 82

Multiple Choice

On which of the following observations was Raymond Vernon's product life-cycle theory based?

• A)The wealth and size of the U.S.market gave U.S.firms a strong incentive to develop new consumer products.
• B)The high cost of U.S.labor gave U.S.firms an incentive to develop cost-saving process innovations.
• C)The United States developed a very large proportion of the world's new products for most of the twentieth century and sold them first in the U.S.market.
• D)The United States exports goods that heavily use skilled labor and imports heavy manufacturing products that use large amounts of capital.
• E)The United States has long been a substantial exporter of agricultural goods,reflecting in part its unusual abundance of arable land.

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Definitions:

Definable Receptors

Specific molecular structures on cell surfaces or within cells that binding substances like neurotransmitters, hormones, or drugs can precisely identify and interact with.

Pressure

The psychological or physical force exerted on an individual, which can influence their behavior or mental state.

Defence Mechanism

Psychological strategies unconsciously used to protect a person from anxiety-arising thoughts or feelings.

Subordinate

An individual who is lower in rank or position and is subject to the authority of a supervisor or manager.