Examlex
In many instances, direct materials are added at the beginning of the process.
Applied Research
It is a form of systematic inquiry involving the practical application of science. It is used for solving problems and inventing new processes and products.
Resource Productivity
The measure of how effectively economic resources are used to produce goods and services.
Immediate Payoff
The immediate benefits or rewards derived from a particular action or decision.
Basic Research
Research conducted to increase fundamental knowledge and understanding, without a specific practical aim or application.
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