Research and Development (R&D) - JSS1 Business studies Lesson Note

Innovation: Developing new products, services, or technologies to stay competitive in the market.

Research: Conducting scientific or market research to identify opportunities for innovation or improvement.

Testing and validation: Evaluating prototypes or concepts to ensure they meet performance, safety, and regulatory requirements.

Intellectual property management: Protecting and leveraging intellectual property assets such as patents, trademarks, and copyrights.