Examlex
Which of the following is something a person should not do before seeking to register a design under the Designs Act 2003?
Research and Development
Research and Development (R&D) involves activities that companies undertake to innovate and introduce new products or services, often focusing on improving existing offerings.
Costs
The monetary value incurred to produce goods or services, including direct expenses, indirect expenses, and overheads affecting a company's profitability.
Operating Expenses
Costs associated with the day-to-day operations of a business, excluding the costs of producing goods sold (COGS); includes expenses like rent, utilities, and salaries.
Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the consumption or wear and tear of the asset.
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