Why do companies spend on research and development?

To do business in a streamlined way

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It is a part of business

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Change is a crucial part of business

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None of the above

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Solution

The correct option is B It is a part of business
Research and development helps the company to know what exactly a customer needs and requires and which is the most profitable market to serve. It also informs the company about how the consumers perceive their product and collect feedback and reviews from the consumer, these feedback help the company to impove and redesign the product to design it best suitable for the target market.

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