Research and development costs

Research and development costs,

Definition of Research and development costs:

  1. Expenses related to the inception and production of new products that have not been sold or released by a company. These costs are based on projected values.

  2. (in industry) work directed towards the innovation, introduction, and improvement of products and processes.

How to use Research and development costs in a sentence?

  1. Possible measures include giving oil and gas exploration the same status as industrial research and development.

Meaning of Research and development costs & Research and development costs Definition