Which of the Following Statements Is True About Product Life

question 62

Multiple Choice

Which of the following statements is true about product life cycle theory?

• A)The theory was developed in the 1960s when the U.S.was the leader in R&D.
• B)The international system of production is becoming too complicated to be explained by a simple version of the product life cycle theory.
• C)It predicts that over time the U.S.switches from an exporting country of new products to an importing country.
• D)all of the options

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Definitions:

Illusions Of Invulnerability

Illusions Of Invulnerability describe a mistaken belief within a group that its decisions are incapable of error or harm, often leading to excessive risk-taking.

Groupthink

A mental effect experienced by a collective, where the pursuit of agreement or uniformity leads to choices that are illogical or not functional.

Critical Evaluator

A person skilled in assessing situations, policies, or work critically to identify improvements or establish value.

Groupthink

Groupthink is a psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.