Yanko Petrov, CEO of a Bulgarian based dairy harvest-tides manufactuer is puff of air together information to consider foreign direct investing and a location for their newfound harvest. Since this is a new crop (special course of feta cheese) and is not being sold anywhere, I would press spare-time activity the world-wide product life cycle theory. The global product life cycle theory constitutes 3 various exhibits for a brand new product. The first interpret is new product, which recommends that the product is produced in the home province. Yanko has several(prenominal) advantages in doing this because he already has a dairy manfacturering fix Bulgaria. retention the intial product manufactuerering close to home will the inquiry and knowledge departments to readily availble receiving sample products. Yanko also appears to have see in producing other dairy products milk, yogurt, cheese, etc. ) which gives him an advantage. Next, the maturing product stage is wh en the product is monitored for the high upest demanding area. Normally, a business facility is strengthened in this country to meet the demanding needs of the product whichs prepares the connection to reduce production cost.
It is always wise to find a country that wad produce the product at the last possible cost. Finally, the interchangeable product stage allows for the product to debate locally or globally. This is one of the most important stages of the international lifecycle. Many companies create expectant products but are ineffective to compete and maintain high profit margins which eventually cau ses a company to fail in that product. ! If you want to get a full essay, order it on our website:
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