Which of the Following Processes Focuses on Product Improvement

question 83

Multiple Choice

Which of the following processes focuses on product improvement?

• A)Engineering
• B)Research and development
• C)Production
• D)Capital budgeting

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Definitions:

Patents

Government-granted exclusive rights to an inventor or assignee for a fixed period of time, in exchange for the public disclosure of an invention.

Tangible Assets

Assets that have physical substance

Trademarks

Symbols, names, or phrases legally registered or established by use as representing a company or product.

Tangible Assets

Assets that have a physical form such as machinery, buildings, and land.