Yanko Petrov, CEO of a Bulgarian based dairy harvest-tides manufactuer is evoke together information to consider foreign direct investment and a location for their newfound harvest. Since this is a new ware (special course of feta cheese) and is not being sold anywhere, I would urge on spare-time activity the world(prenominal) product life cycle theory. The global product life cycle theory constitutes 3 antithetical re-creates for a brand new product. The first period 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 workings Bulgaria. retention the intial product manufactuerering close to home will the look into and knowledge departments to readily availble receiving sample products. Yanko also appears to have deliver in producing other dairy products milk, yogurt, cheese, etc. ) which gives him an advantage. Next, the maturing product stage is when the product is monitored for the high upest demanding area. Normally, a business facility is reinforced in this country to meet the demanding needs of the product whichs prepares the bon ton 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 make do locally or globally. This is one of the most important stages of the international lifecycle. Many companies create expectant products but are unable to compete and maintain high profit margins which eventually causes a company to fail in that product. If you want to get a full essay,! order it on our website:
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