Which of the following is considered research and development costs?

a. Planned search or critical investigation aimed at discovery of new knowledge.
b. Translation of research findings or other knowledge into a plan or design for a new product or process.
c. Translation of research findings or other knowledge into a significant improvement of an existing product.
d. all of the above.

Answer: d. all of the above.

Business

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When amusement parks charge customers for admission and later for food and beverages, they are following a ________ pricing strategy

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