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Professor Baldwin believes that early in the life cycle of a U.S. product, demand in other advanced countries is limited to high-income groups. Consequently, it is seldom worthwhile for firms in those countries to start producing the product. This view conforms to

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akposevictor

The view held by Professor Baldwin about the life cycle of the U.S product conforms to: the product life-cycle theory.

What is the Product Life-cycle Theory?

There are four stages of in the life-cycle of a product, which are:

  • Introduction
  • Growth
  • Maturity
  • Decline

According to the product life-cycle theory, the life-cycle of a product determines the right time to reduce price, expand to new markets, redesign the pakaging, or even increase advertising.

These, according to the product life-cycle theory, are key to beating the competition, as well as the preventing early decline of a product.

Therefore, the view held by Professor Baldwin about the life cycle of the U.S product conforms to: the product life-cycle theory.

Learn more about the the product life-cycle theory on:

https://brainly.com/question/14876209

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