Research and development (R&D),
Definition of Research and development (R&D):
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.
(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?
- Our research and development team was working around the clock to make things better for our company and they were doing a great job.
- It is important to always be strong in research and development so that you can come up with new innovative products.
- Possible measures include giving oil and gas exploration the same status as industrial research and development.
- 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