Examlex
________ is the fundamental rethinking and radical redesign of business procedures to achieve dramatic improvements in cost, quality, service, and speed.
Research and Development
The activities undertaken by a business or organization to innovate and introduce new products or services.
Adaptation
The process by which organisms or entities adjust to changes in their environment or operations to ensure survival or efficiency.
Laboratory Research
The systematic investigation and experimentation carried out in a controlled environment, notably within a lab, aimed at acquiring new knowledge.
Economic Benefits
The advantage that an entity receives in terms of increased cash flows, cost savings, or other financial gains.
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