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Business, 29.07.2020 18:01 22savage2017
According to the product life-cycle theory, while demand for new products is starting to grow rapidly in the United States, demand in other advanced countries:.
a) remains limited to high-income groups.
b) necessitates production of that product in those countries.
c) necessitates outsourcing of production to low-cost locations.
d) raises the cost of production in the United States.
e) causes a shift in the position of the United States from that of an exporter to an importer.
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