Which of the following correctly orders, highest to lowest, the relative magnitudes of U.S. spending by businesses on components of R&D?
A)invention, basic research, innovation
B)invention, innovation, basic research
C)innovation, invention, basic research
D)basic research, invention, innovation

Question

Quizplus · Accepted Answer

Innovation typically receives the highest investment because it involves the application of research and development to create new products or improve existing ones, directly impacting a company's competitiveness and market share. Invention, which is the creation of new ideas or products, often requires significant investment but not as much as the broader category of innovation. Basic research, aimed at understanding fundamental aspects without immediate commercial applications, usually receives the lowest level of funding.

Which of the Following Correctly Orders, Highest to Lowest, the Relative