18:25 + LTE Expert Q&A Done 2. List all the advantages of soling in foreign markets. (A) Increase in sales (B) Risk diversification (c) Leverage comparative advantage in new markets (D) Learning through experience in various markets (3-6) The following shows the product life cycle of a product produced by a certain multinational corporation. Which of the steps (1)-(4) shown in the graph best describes the following description? graph 3. Cost reduction is necessary due to sluggish market growth. Multinational companies enter countries where production costs are very low. The incumbent country becomes a net importer of the product as production in the factory in the incumbent country decreases. 4. Overseas demand continues to increase, but prices fall as competition increases. To survive the competition, companies cut costs through outsourcing to other countries. 5. As the market grows, companies seek domestic customers. As production increases, companies export to other Western countries with similar economic conditions and consumer preferences 6. Home market is saturated Transition from developed countries to overseas production Multinationals start exporting and transfer to developing countries