Briefly Identify the Two Predictors of Future Economic Activity That

question 88

Essay

Briefly identify the two predictors of future economic activity that are available to managers for decision making. Specify which predictor managers typically prefer.

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Definitions:

R&D Spending

Funds allocated by businesses, organizations, or governments towards research and development in order to innovate and improve products or services.

Development (Innovation and Imitation)

The process in which economies grow or change over time through the introduction of new technologies (innovation) and the adoption of successful technologies or methods from others (imitation).

Technological Advance

Refers to the development and application of innovative techniques, equipment, and processes that improve productivity, efficiency, and outcomes in various fields.