Activities that firms,universities,and governments undertake to increase their knowledge base are referred to as ________.

Question

Quizplus · Accepted Answer

Research and development (R&D) is the activity undertaken by firms, universities, and governments to increase their knowledge base. It involves the creation of new ideas, products, and processes through systematic investigation and experimentation. R&D is a primary activity that is critical for innovation and long-term economic growth.

Activities That Firms,universities,and Governments Undertake to Increase Their Knowledge Base