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Because a Growing Number of New Products Are Now Introduced

question 51

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Because a growing number of new products are now introduced simultaneously in the United States,Japan,and the advanced European nations,Vernon's product life-cycle is limited in explaining world trade patterns.


Definitions:

Resources In Coalition

The assets, both tangible and intangible, that members of a coalition contribute to achieve common objectives.

Central Figure

An individual or entity that plays a principal or pivotal role within a particular context or scenario.

Individual Needs

The specific requirements or desires of each person that must be met for their well-being or satisfaction.

Founder's Power Position

Refers to the influence and authority a startup founder holds within the company, often determining decision-making capacities and organizational direction.

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