Discuss the two differing approaches to lobbying federal officials.
Definitions:
Product Innovations
Refers to the introduction of a new or significantly improved product or service that meets new requirements or satisfies existing market needs.
Incremental Improvements
Small, continuous enhancements made to a product or process over time, aiming for better efficiency or performance.
R&D Expenditures
Research and Development (R&D) Expenditures refer to the funds allocated by businesses or governments towards the investigation and development of new products, processes, or services.
Scientific Research
The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions, typically involving controlled experiments or observational studies.
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