Manifold and submanifold, in $S$ a submanifold?

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I have a theorem that says that:

Theorem : Let $M,N$ smooths manifolds and $f:M\to N$ a smooth application.

If $Rg(f)=k$ in a neighborhood of $S=f^{-1}(q), q\in N$ then $S$ is a submanifold of dimension $n-k$.

Then, I have a remark that says that if $Rg(f,x)=k$ for all $x\in S$, we can't conclude that $S$ is a smooth manifold. I recall that $Rg(f,x)=Rg(d_xf).$

My question : So if I understand well, if $Rg(f,x)=k$ for all $x\in S$, then we can't conclude that $S$ is a submanifold, but if there is an open $U\supset S$ s.t. $Rg(f,x)=k$ for all $x\in U$, then $S$ is a submanifold of dimension $n-k$. Did I understand well ?

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Yes. For a simple example demonstrating this point, consider your favorite smooth bump function

$$ f(x) = \begin{cases} e^{-\frac{1}{1-x^2}} & |x| < 1, \\ 0 & |x| \geq 1. \end{cases} $$

Then $f^{-1}(0) = \{ x \, | \, |x| \geq 1 \}$ and for all $x \in f^{-1}(0)$ we have $f'(x) = 0$. So $df$ is of constant rank $0$ on $f^{-1}(0)$ but $f^{-1}(0)$ is not a $1 - 0 = 1$ dimensional submanifold of $\mathbb{R}$.

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That's right: just because $f$ restricted to $S$ has rank $k$ everywhere is not enough; you need for $f$ to have rank $k$ everywhere near $S$ as well.

Note that in this theorem, the manifold $N$ can be replaced by $\mathbb R^n$, since only a single point of $N$ (or a neighborhood of that point) ends up mattering.

That might help you construct an example where this subtle difference (constant rank on $S$ vs near $S$) matters, something I cannot do off the top of my head.