Product cycle


 

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Product cycle

The life cycle of a new product, which first can be produced only in the country where it was developed, then as it becomes standardized and more familiar, can be produced in other countries and exported back to where it started. Due to Vernon (1966).

Product cycle

The time it takes to bring new and/or improved products to market.



Product cycle

Similar Matches

Neoclassical production function

Neoclassical production function

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Current production rate

Current production rate

The highest interest rate permissible on current Government National Mortgage Association, mortgage-backed securities.


Productivity of labor

Productivity of labor

See labor productivity.


Gross national product

Gross national product

The total value of new goods and services produced in a given year by a country's domestically owned factors of production, regardless of where. It is "gross" in the sense that it does not deduct depreciation of previously produced capital, in contrast to NNP.


Digital Products

Digital Products

Digital products are intangible products that can be transferred over a digital network. They have zero copy costs, and users can make perfect copies. The cost structure of digital products (high fixed costs that are sunk, and tending towards zero marginal costs) in conjunction with the above features changes the economics of digital products vs. traditional goods.


Further Suggestions

Production externality
Product Differentiation
Marginal product
gross domestic product
Factor of production
Production flow commitment
Intra-product specialization
Production possibility curve
Primary product
Homogeneous product
Production possibility frontier
gross national product
Production Cost Advantage
Middle product
Production function
protected investment products
Net national product
Product risk
Value marginal product
Multistage production
Differentiated product
Gross domestic product (GDP)
Investment product line (IPL)
Production possibilities schedule
Edgeworth Production Box


 
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