Problem
1. What factors are important in determining the length of the imitation lag and the length of the demand lag? Explain.
2. What products might be examples of goods that are currently going through or have gone through the various stages outlined in the product cycle theory?
3. What would the Linder theory suggest about the prospects of developing countries in exporting goods to developed countries? Do you think that this is a realistic suggestion? Why or why not?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.