If the rate of market growth and technical progress is rapid, then in-house R&D is the preferred solution.

Question

Quizplus · Accepted Answer

If the rate of market growth and technical progress is rapid, it may be more efficient and cost-effective to rely on external sources for R&D rather than invest in in-house R&D. This allows the company to access a greater pool of expertise and resources without the added costs of maintaining an in-house team.

If the Rate of Market Growth and Technical Progress Is