Q. Foundation companies are formed from ;
(a) Fashion
(b) Research & development
(c)Most popular business
(d) winding up company
Answers
Answer:
Option (b) is correct research & development
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Answer:
Foundation companies are formed from Research & development.
Explanation:
Research and development (R&D) are crucial for organizations because it offers insightful knowledge and helps to improve current procedures so that efficiency can be improved and expenses can be decreased. Additionally, it enables companies to create fresh goods and services that will help them compete in cutthroat markets. Engineers and faculty members work on research development projects. Securing a competitive edge and boosting bottom-line profitability are the main goals of R&D. R&D is typically conducted for long-term advantages rather than to make a quick profit. As it promotes creativity, innovation, and advancement, research and development (R&D) is a significant factor in economic growth. Spending on R&D can require a lot of resources, but it can also result in innovations that boost customer welfare and profit.
Thus, by assisting in the discovery of new and improved methods for product design, production, and assembly as well as new methods of service delivery, research and development can boost productivity.