Which of the Following Statements Is True for Research and Development

question 30

Multiple Choice

Which of the following statements is true for Research and Development?

• A)It refers to the process of promoting the use of scientific knowledge in forecasting the demand for different products in the market.
• B)It refers to the process of identifying new ideas and turning them into tangible products or processes.
• C)It refers to the pursuit of investigations without commercial goals, focusing on unravelling the secrets of nature.
• D)It refers to the use of technology in trying to understand the latent needs and preferences of the customers in the market.
• E)It refers to any confidential business information which provides an enterprise with a competitive edge.

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Definitions:

Subsidiary

A company that is completely or partly owned and wholly controlled by another company, known as the parent company.

Home-Country Nationals

Individuals who work for an organization or a subsidiary in their native country.

International Expansion

The process by which a company extends its business operations beyond its home country through establishing a presence in foreign markets.

Third-Country National

An individual employed in a country who is neither a citizen of that country nor of the country where the hiring organization is headquartered.