Raymond vernon states that the classic rationale for international diversification is to?

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24-08-2022
Social Studies

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Raymond vernon states that the classic rationale for international diversification is to?

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QWCobalt QWCobalt · Answer 1 · 2022-09-02T05:14:28+02:00

Raymond Vernon states that the classic rationale for international diversification is to extend the product's life cycle.

Raymond Vernon is one important American economist. He is one of the pioneers of the association which developed the Marshall plan after World War II and further provided a stimulus for the International monetary funds. He formulated the theory of the product life cycle in US reports which aided in influencing the behavior and international of companies.

The theory of the product life cycle is still widely used in economics and marketing. According to this theory, each product has got a certain life cycle that initiates with its development and concludes with its downfall. There are four stages in a product's life cycle: introduction, growth, maturity, and decline.

Learn more about Raymond Vernon's product life cycle theory: https://brainly.in/question/14258152

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