What type of firms are likely to develop innovative solution through research and development?
A) Large, science-based firms
B) Small engineering subcontractor firms
C) Heavy engineering firms
D) Retail firms
E) None of these types of firms

Question

Quizplus · Accepted Answer

Large, science-based firms are likely to have the resources and expertise to engage in research and development and develop innovative solutions. Small engineering subcontractor firms may not have the same level of resources and capacity for R&D, and heavy engineering firms may be more focused on manufacturing and production rather than innovation. Retail firms are generally not involved in R&D, as their focus is on sales and distribution of existing products.

What Type of Firms Are Likely to Develop Innovative Solution