Examlex
A firm's payout is calculated as the ratio of retained earnings to earnings before interest and taxes (EBIT).
Product Design
Product design is the process of creating a new product to be sold by a business to its customers, focusing on specifications, aesthetics, and user experience.
Formal Agreement
A legally binding contract or arrangement stipulating specific conditions and terms agreed upon by two or more parties.
Attain a Patent
The process of securing a legal right or title for an invention, granting the patent holder exclusive exploitation rights for a certain period.
Disclosing
The act of making information known or revealed to others.
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