Based on the product lifecycle theory, do large and well-established MNCs such as Coca Cola and PepsiCo still have numerous opportunities for international expansion?

1. No, generally large MNCs have already come close to their limits for international expansion.

2. No, because of political opposition in most countries to expansion by MNCs.

3. Yes, because most MNCs are big enough to crush any local competition.

4. Yes, because countries are at various stages of development, so when some countries reach their peak sales in the lifecycle, others still have room for expansion.