Why Are Some Business Activities Time and Resource Intensive?
Some activities are inherently complex and involve numerous steps, each requiring specific expertise and resources. For instance, research and development (R&D) for a new product often involves multiple phases such as ideation, prototyping, testing, and iteration. Each phase can consume a lot of time and require specialized skills and equipment. Similarly, entering a new market requires extensive market analysis, regulatory compliance, and establishment of distribution channels, all of which are resource-demanding.