Professor Raymond Vernon in his IPLC (International Product Life Cycle) observed that all productrs and their key manufacturing technologies, go through thre basic stages of evolution: Introduction, Maturity, and Select one: O a growth O b. diversification OC. decline Od. standardization Licensing is actually an advanced form of franchising whereby a company grants another firm the rights to employ its complete business operating system in exchange for compensation such as royalties or fees. Select one: True O False
