A "Market Development" Opportunity Would Involve a Firm Offering New

question 4

True/False

A "market development" opportunity would involve a firm offering new or improved products to its present markets.

---

Definitions:

Student Enrollment

The process through which students register or enter into a course of study at educational institutions.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Average Total Cost

The total cost of production divided by the total quantity of output, representing the cost per unit of output.

Scale of Operations

The scope or size of production, or the level at which a business operates in terms of output.