What Is the Difference Between Applied and Basic Research

question 20

Short Answer

What is the difference between applied and basic research?

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Definitions:

Profitability

A financial metric that measures the degree to which a company or business activity generates income greater than its expenses and costs.

Legislative Changes

Amendments or additions to the law made by a governing body that can significantly affect businesses, individuals, and society.

Merit Raises

Salary increases awarded to employees based on their job performance, as an incentive for exceptional work results.

Value Analyses

A method to improve the value of a product or service by examining its function, reducing cost, or both.