Which of the following theories suggests that firms seek to penetrate new markets over time? | Faculties

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Mr. Dubey

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📊 Indian and Global Economic Development

Q. Which of the following theories suggests that firms seek to penetrate new markets over time?

(A) Imperfect Market Theory
(B) Product cycle theory
(C) Theory of Comparative Advantage
(D) None of the above

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✅ Correct Answer: (B) Product cycle theory

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