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Discuss three major R&D approaches for implementing strategies.
Opportunity Cost
Yielding potential gains from different scenarios when one is favored.
Society
A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.
Production Possibilities Curve
A graphical representation showing the maximum quantity of two goods or services that can be produced within a given time period and with available resources.
Efficiently
The ability to achieve a desired result or produce a desired output with the least amount of waste, effort, or inefficiency.
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