Question

In his International Product Life Cycle (IPLC) Theory, Raymond Vernon observed that each product and its manufacturing technologies go through three stages of evolution: introduction, maturity, and ________.

Answer 1

Decline.

Step-by-step explanation:

There are actually 5 stages: introduction, growth, maturity, saturation and decline. In the decline stage, the product is well known and it starts declining until it is no longer feasible to produce that item.