Business Studies

Which among the following is a competitive advantage that a firm gains through R&D?


ANSWER

An idea that rivals cannot be easily replicated.


SOLUTION
Firms invest in R&D because they want to grow by developing new products. It's hard for a company to remain competitive if it does not stay ahead of the technology curve.The RQ can tell firms (and investors) the increase in revenue and market value they can expect from an increase in R&D spending.
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Single Correct Medium Published on 18th 08, 2020
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