ENTREPRENEURIAL PLANNING
MARKETING PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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One of the reason often given to explain why research and development spending by a business might not lead to higher profits is:
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There are no new possible product developments
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Consumers are reluctant to buy the latest products
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Competitors might develop a better product
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R and D costs are so low that too many businesses are nowdeveloping new products
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Explanation:
Detailed explanation-1: -Tracking R&D costs is important because it allows companies to measure the effectiveness of their investment in innovation. It also helps them identify areas where they may be able to save money or increase efficiency. Tracking R&D costs can provide several benefits for businesses.
Detailed explanation-2: -R&D spending by itself doesn’t guarantee profitability and strong stock performance. Some companies see a payoff from spending heavily on R&D when projects are deemed to be successful. On the other hand, companies can also suffer from poor performance losses even after investing a great deal of money each year in R&D.
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