Which of the following theories suggests that firms seek to penetrate new markets over time?
A) Theory of comparative advantage
B) Imperfect markets theory
C) Product cycle theory
D) None of the above

Question

Quizplus · Accepted Answer

The Product Cycle Theory suggests that firms expand into new markets over time as their products mature and they seek to exploit new opportunities and maintain competitive advantage.

Which of the Following Theories Suggests That Firms Seek to Penetrate