The "Law" of Diminishing Returns Asserts That Marginal Returns Will

question 12

True/False

The "law" of diminishing returns asserts that marginal returns will ultimately diminish when the quantity of one input is increased.

---

Definitions:

Discovering Consumer Needs

The process of researching and understanding the requirements, desires, or problems of consumers to develop products or services that meet these needs.

New Products

Innovations or items that have been recently introduced to the market, offering fresh options to consumers.

Sales and Manufacturing

The process that involves both the creation of products and their sale to customers.

Target Market

A specific group of consumers at which a company aims its products and services.