As related to businesses, the term "research and development" is used loosely to include direct efforts toward
A)invention, innovation, and diffusion.
B)basic research and applied research.
C)laboratory research and business research.
D)academic research and economic development.

Question

Quizplus · Accepted Answer

Research and development in businesses typically involves activities related to invention, innovation, and diffusion, which are essential for creating new products and improving existing ones.

As Related to Businesses, the Term "Research and Development" Is