According to the Product Life-Cycle Theory,the High Cost of U

question 48

Multiple Choice

According to the product life-cycle theory,the high cost of U.S.labor gave U.S.firms an incentive to:

• A)lower costs of services to offset a fall in demand.
• B)develop cost-saving process innovations.
• C)invite foreign direct investment in domestic industries.
• D)embrace and promote open market capitalism.

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