Council on wage and price

Delays in developing a new product significantly increase development costs. In reviewing the PMN requirements, the Council on Wage and Price Stability using a 10-percent discount rate, observed that the cost to the firm of a six-month delay was about five percent of the R D investment ( 2). 

According to the Council on Wage and Price stability "Studies of business innovation suggest that over the long term companies treat their research and development budgets like other investments and adjust R D expenditures so that the return is comparable to that earned on other corporate investments", (2). 

Council on Wage and Price Stability, "Premanufacture Notification under the Toxic Substances Control Act "... 

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