When you earn your Financial Literacy badge called On My Own, you make a plan for your future. One way that businesses plan for the future is through R&D — Research and Development. They spend time and money researching new ideas. They also budget for development — taking those new ideas, refining them, and bringing them to the market. (R&D could also mean changing a product to meet new customer needs.) When you earn this badge, you’ll know how to use R&D for your cookie business plan.
1. Analyze sales trends
2. Research how other companies innovate
3. Find out how companies use R&D to improve their products
4. Explore possible projects during your cookie sale
5. Develop a fun, new way to use Girl Scout Cookies
When I’ve earned this badge, I’ll know how to research and develop new ways to build my cookie business.