Which of the following is true about the first stage of evolution in the international product life cycle theory?
A) The product enjoys a temporary monopoly at this stage.
B) The product's inventors mass-produce it and seek to export it.
C) The knowledge about how to produce the product is widespread.
D) The competition intensifies at this stage and export orders begin to come from lower-income countries.
Question 2
The global business environment consists of four distinct elements: the forces of globalization, national business environments, the international business environment, and ________.
A) domestic investment opportunities
B) technological innovation
C) international firm management
D) multinational corporations
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