Research and Development (R&D)
Definition
Research and Development (R&D) involves activities that companies undertake to innovate and introduce new products or services.
Benefits
Research and development (R&D) focuses on creating new products or services through innovation.
Frequently Asked Questions
What does the R mean in R&D? The "R" in R&D stands for Research, which is the initial stage of exploring new ideas and technologies before moving to development.
What does R&D mean? R&D stands for Research and Development, focusing on creating new products or improving existing ones.
Is it RND or R&D? It’s R&D, which stands for Research and Development.
Summary
Research and development (R&D) drives growth by creating new products and fostering innovation.