trade theories to develop its business strategies.
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Explanation:
1. Mercantilism. This theory was popular in the 16th and 18th Century. ...
2. Absolute Cost Advantage. ...
3. Comparative Cost Advantage Theory. ...
4. Hecksher 0hlin Theory (H-0 Theory) ...
5. National Competitive Theory or Porter's diamond. ...
6. Product Life Cycle Theory.
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