4-24 The Product Life-Cycle Theory 140 United states producTion Exon+e Imports consumption 140 120 Other Advanced Countries ExporTs Imports 120 Developing Countries xports 20 0 Imports New Product Maturing Product Standardized Product Figure 4.5 Stages of Production Development McGraw-HillIrwoin @2003 The McGraw-Hill Companies, Inc, All Rights Reserved.The Product Life-Cycle Theory production consumption Figure 4.5 Exports 160 140 120 100 80 60 40 20 0 United States Other Advanced Countries Developing Countries Stages of Production Development New Product Maturing Product Standardized Product Imports Imports Exports Exports Imports 160 140 120 100 80 60 40 20 0 160 140 120 100 80 60 40 20 0 4-24 McGraw-Hill/Irwin © 2003 The McGraw-Hill Companies, Inc., All Rights Reserved