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

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R&D (Research and Development) is the function within a company that is responsible for creating new products or services and preparing new technologies, ideas, products or services for the firm's market. This involves using research to develop new and innovative products or services that meet the needs and wants of customers. Test marketing refers to the process of testing a product or service in a small market to gauge consumer interest and viability, while preselling refers to the process of selling a product or service before it is officially launched. A new entrant business refers to a company that is entering into a market for the first time.

Which of the Following Refers to the Part of a Business