Unlike Product Development,market Development Involves Opening Businesses in Markets That

question 23

True/False

Unlike product development,market development involves opening businesses in markets that are already served by separate,well-established companies.

---

Definitions:

Direct Emissions

Emissions of greenhouse gases that are directly produced by a source, such as a factory or vehicle, as part of its operations.

Reporting Entity

A reporting entity refers to any business, organization, or unit that has legal and economic responsibilities to report its financial and operational data.

Peak Load Demand

The maximum amount of power or resources required at a specific time or period.

Car Dealers

Businesses authorized to sell new or used cars and often offer maintenance services, warranty repairs, and financing options.