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Saturday, October 15, 2011

Research and Development Programs

          No overview of our business world would be complete without noting the research that propels our extremely technical society. Much research is sponsored by government agencies and grants. Universities also support large research endeavors. Business firms make their contribution to the future by maintaining research laboratories to search for neew materials, new uses of existing materials, new products, solutions to problems, and better ways to serve human needs and desires. The total employment and expenditures involved in business research are vast and growing: we shall examine this key segment of the business world.

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