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Research and Development's Impact on Firm Growth

Question

Analyse how investment in research and development can help a firm to grow in size.

Category:

Firm Behavior and Strategies

Frequently asked question

Preview Answer

I. 🍃Introduction
A. Definition of innovation
B. Importance of innovation in economics
C. Thesis statement

II. Innovation and Productivity
A. Explanation of how innovation increases productivity
B. Examples of innovative technologies that increase productivity
C. Impact of increased productivity on cost of production

III. Innovation and Price of Products
A. Explanation of how innovation decreases the price of products
B. Examples of innovative technologies that decrease the price of products
C. Impact of decreased price on demand for products

IV. Innovation and Market Share
A. Explanation of how innovation increases market share
B. Examples of innovative technologies that increase market share
C. Impact of increased market share on profits

V. Innovation and Reinvestments
A. Explanation of how innovation leads to more reinvestments
B. Examples of companies that reinvest profits into innovation
C. Impact of reinvestments on new product development and exports

VI. Innovation and Skilled Workers
A. Explanation of how innovation creates a need for more skilled workers
B. Examples of industries that require skilled workers due to innovation
C. Impact of skilled workers on the economy

VII. 👉Conclusion
A. Recap of main points
B. Importance of continued innovation in economics
C. Final thoughts.

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