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The process of observational learning would explain how 3-year-old Ryan knows how to lather up his own
face after watching his dad shave earlier that day.
Internally Generated Patent
A patent developed through a company's own research and development efforts.
Research and Development
Activities undertaken by businesses or organizations to innovate and introduce new products or services, typically involving substantial investment.
Technological Feasibility
The point at which a company determines that a new technology can be developed and made into a working product.
Software Development Costs
Expenses incurred in the research, development, design, and testing of software, which may be capitalized or expensed depending upon their nature and the accounting policies followed.
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