Examlex
In which step of the rational decision-making model does the decision maker test the feasibility and satisfactoriness of alternatives before choosing one?
Innovation
The process of creating, developing, and implementing new products, services, or processes.
Diffusion
in the context of innovation, refers to the process by which a new idea, product, or practice spreads within a population or society.
R&D Spending
Expenditures dedicated to research and development, aimed at innovation and improvement of products or processes.
Applied Research
Research aimed at solving specific practical problems, often leading to the development of new products or processes.
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