Product Development Is a Strategy That Seeks Increased Sales by Improving

question 73

True/False

Product development is a strategy that seeks increased sales by improving or modifying present products or services.

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Definitions:

Drones

Unmanned aerial vehicles (UAVs) operated by remote control or autonomous software, used for various purposes including photography, surveillance, and delivery.

Total Variable Costs

The expenses that change in proportion to the activity of a business.

Drones

Unmanned aerial vehicles used for a variety of purposes including surveillance, delivery, agriculture, and photography.

Diminishing Returns

A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, will begin to decrease.