A group of scientists at a biotechnology firm conducted extensive trials in a laboratory for over a year before developing a formula that could be used to develop a drug to treat cancer.The firm invested a lot of money in these trials with the idea of generating revenue through sales.The method being used by the company to develop the new product is most likely:
A) licensing.
B) reverse engineering.
C) internal research and development.
D) brainstorming.
E) concept testing.
Correct Answer:
Verified
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