R&D for Small Businesses
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Questions and Answers

What is one of the benefits of R&D for small businesses according to the text?

  • Decreased income streams
  • Development of unique products and services (correct)
  • Increased tax burden
  • Limited access to funding

    • How can successful R&D projects benefit small businesses financially?

  • By limiting access to funding
  • By reducing income streams
  • Through generating new or enhanced income streams (correct)
  • By attracting fewer investors

    • What is one way R&D can help small businesses bring it to life, according to the text?

  • Through collaboration with other enterprises (correct)
  • By reducing competitive edge
  • By increasing tax burden
  • By limiting access to funding

    • In some countries, what can small businesses claim to reduce their tax bill as mentioned in the text?

    <p>R&amp;D tax relief</p> Signup and view all the answers

    What advantage can small businesses develop over their competitors through R&D, according to the text?

    <p>Competitive edge</p> Signup and view all the answers

    What is one potential financial benefit for small businesses resulting from successful R&D projects, based on the text?

    <p>Attracting potential new investors</p> Signup and view all the answers

    How can R&D contribute to developing a competitive edge for small businesses, as stated in the text?

    <p>By establishing the business as leaders in the market</p> Signup and view all the answers

    What is one possible way R&D can help small businesses bring unique products and services to life?

    <p>By driving product improvement or innovation</p> Signup and view all the answers

    What is one potential avenue for funding R&D that small businesses can explore, as mentioned in the text?

    <p>Seek public-sector innovation grants</p> Signup and view all the answers

    What is one method mentioned in the text for small businesses to reduce their tax bill through R&D?

    <p>Claiming tax relief to reduce the tax bill</p> Signup and view all the answers

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