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Product cycle theory
| Глоссарий экономических терминов |
Theory suggesting that a firm initially establish itself locally and expand into foreign markets in response to foreign demand for its product; over time, the mnc will grow in foreign markets; after some point, its foreign business may decline unless it can differentiate its product from competitors.
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Differentiate, английский
Competitors, английский
Competitor, английский
- Участник соревнований
- Конкурент
- An entity that sells similar products or services and competes for the same customer segment.
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Comparative advantage, английский
- Theory suggesting that specialization by countries can increase worldwide production.
- A benefit of specialization, such that a company is able to produce a good or service at a lower cost than others. in the case of nations, producing products with low opportunity costs is a basis for trade to obtain for goods and services best produced by others.
- Сравнительное преимущество
Expectations hypothesis theories, английский
Theories of the term structure of interest rates, which include the pure expectations theory; the liquidity theory of the term structure, and the preferred habitat theory. these theories hold that each forward rate equals the expected future interest rate for the relevant period. these three theories differ, however, on whether other factors also affect forward rates, and how.
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