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6.10 Points What contract type would you desire to use for never-before-done engineering R&D efforts? Why? (Discuss risk)
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Research and development varies from institution to institution, with two main models of research and development departments hired by engineers and tasked with developing new products directly or with staff of industrial scientists and conducting research. Areas of science or technology that can facilitate future product development, research and development differ from most corporate activities in that they are not intended for immediate profit and usually carry risks. High and uncertain investment. However, research and development is very important for gaining more market share through the introduction of new products.

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