88. The last consumers to adopt a product; they are risk averse and conservative in their spending (16% of the total population)
89. Consumers are primarily from developing countriesProduct Diffusion Internationally 2-Apr-2009
90. The International Product Life Cycle Introduction and Growth Stages Early Maturity Late Maturity Decline MNC Moves Production to Developing Country; Begins Importing to Home Country Developing Country Markets Remain Viable Target Markets for MNC; MNC Home Country Market Is Diminishing Developing Country Competitor Exports Product To MNC Home Country; Competes with MNC Imports MNC Manufactures Product in Developed Countries; Exports to Developing Countries Sales Time 2-Apr-2009
102. Product lifecycle is extended through sales to consumers in developing countries2-Apr-2009
103. References www.ezinearticles.com, “Developing A New Product : When To Consider Domestic Vs International Marketing” www.wikipedia.org Subhash Jain, International Marketing, Asian Books Private Limited, South Western Thomson Learning, 6th Edition 2-Apr-2009