Most firms do not maintain a fully staffed research department.Instead,they use independent research companies or consultants.

Question

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It is common for firms to outsource their research needs to independent research companies or consultants instead of maintaining a fully staffed research department. This approach allows the firm to access specialized expertise and resources only when needed and often at a lower cost than employing a full research staff.

Most Firms Do Not Maintain a Fully Staffed Research Department