Question

The ________ theory argues that such advanced nations as the United States have an incentive to develop consumer products and hence such nations tend to produce newer products.

Answer 1

Answer: Product life-cycle

Explanation:

 The product  life cycle is one of the type of economical based theory that helps in understanding the international trading process for the production of the various types pf new products and the services in the market.

The product life cycle is one of the important marketing tool in the business that helps in providing the proper guidance for developing various types of marketing based strategies.

According to the given question, the product life cycle theory helps in developing the various types consumer products. Therefore, Product life-cycle  is the correct answer.

  Therefore, Product life-cycle  is the correct answer.