Management Notes

Reference Notes for Management

Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it, and may no longer manufacture the product:

Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it, and may no longer manufacture the product:

Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it, and may no longer manufacture the product:

 Options:

a. Theory of factor endowments
b. Theory of overlapping demands
c. Economies of scale theory
d. Product life cycle theory

The Correct Answer Is:

d. Product life cycle theory

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