Which of the following parts of a business plan is focused on creating new products or services and preparing new technologies,ideas,products or services for the firm's market?

Question

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Research and development refers to the process of creating new products or services and preparing new technologies, ideas, products, or services for the firm's market. This includes conducting market research, testing prototypes, and refining the product or service before it is launched. Preselling is the process of selling a product or service before it is actually available, while test marketing involves launching a product in a limited market to gauge its success before a wider launch. Proprietary technology refers to technology that is owned or licensed by a company and is not available to the public.

Which of the Following Parts of a Business Plan Is