Research and development (R&D)

Research and development (R&D),

Definition of Research and development (R&D):

  1. Systematic activity combining both basic and applied research, and aimed at discovering solutions to problems or creating new goods and knowledge. R&D may result in ownership of intellectual property such as patents. In accounting for R&D costs, the development costs may be carried forward but the basic and applied research costs are often written-off as incurred.

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

How to use Research and development (R&D) in a sentence?

  1. Our research and development team was working around the clock to make things better for our company and they were doing a great job.
  2. It is important to always be strong in research and development so that you can come up with new innovative products.
  3. Possible measures include giving oil and gas exploration the same status as industrial research and development.
  4. In the video game Metal Gear Solid: Peace Walker, I assigned Huey Emmerich to the research and development team to create new weapons and items.

Meaning of Research and development (R&D) & Research and development (R&D) Definition