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Explanation of international trade patterns

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Reference no: EM133268707

"The product life cycle theory by Raymond Vernon seems to be an accurate explanation of international trade patterns." 

Q1: Please explain more details about the product life cycle by raymond vernon.

Q2: Please explain more details about five stages in a product's life cycle and give example for every stages.

  • Introduction
  • Growth
  • Maturity
  • Saturation
  • Decline

Reference no: EM133268707

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