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What are the benefits of research and development to an organisation?
Wiki User
∙ 14y ago
• The Following are the benefits of research & development
Boost Sales
•Increase the profitability
•Open new markets - both in the UK & overseas
•Enhance your brand & gain a reputation as an innovative business
•Attract the best employees through your enhanced reputation
•Find new business partnerships
•Attract external finance
•Reduce costs
•Improve the quality of your offer
•Get your product to market more quickly
Wiki User
∙ 14y ago
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• The Following are the benefits of research & development Boost Sales •Increase the profitability •Open new markets - both in the UK & overseas •Enhance your brand & gain a reputation as an innovative business •Attract the best employees through your enhanced reputation •Find new business partnerships •Attract external finance •Reduce costs •Improve the quality of your offer •Get your product to market more quickly
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