The process of investigation and testing to increase technical know-how or basic understanding of a topic or area of study. Stages of the research and development process include: Basic research: Scientific efforts that seek to gain more comprehensive knowledge or understanding of the subject under study, without specific applications or commercial objectives in mind. Applied research: Inquiry aimed at gaining the knowledge or understanding to meet a specific, recognized need of a practical nature, especially needs to achieve specific commercial objectives with respect to products, processes, or services. Development: The systematic use of the knowledge or understanding gained from research to create or improve useful materials, devices, systems, or methods through building and operating prototypes or test models.
(R&D) Development of new products and services by a company in order to obtain a competitive advantage.
Discovering new knowledge about products, processes, and services, and then applying that knowledge to create new and improved products, processes, and services that fill market needs.
The use of resources for the deliberate discovery of new information and ways of doing things, together with the application of that information in inventing new products or processes.
Research is a planned activity aimed at discovery of new knowledge with the hope of developing new or improved products and services. Development is the translation of research findings into a plan or design of new or improved products and services.
(R&D)- All research activities, both basic and applied, and all development activities that are supported at universities, colleges and other non-profit institutions.
the search for new and improved products and processes.
This is money that is spent by the firm on trying to develop new products. It is vital that firms spent a significant amount on this if they are to stay ahead of the competition and be able to launch new and innovative products.
creative work undertaken systematically to increase the stock of knowledge and its application – includes basic research, applied research, and experimental development
Creative, sys- tematic activity intended to increase the stock of knowledge and the use of this knowledge to devise new applications.
Studies, observation and other activities concerned with the identification, description, experimental investigation and theoretical explanation of social, physical and behavioral phenomena. Implementation activities are also included in R&D.
Research and Development (R&D) is carried out prior to a new drug being introduced. Research involves studying a subject or market in order to further knowledge, and development is the implementation of this knowledge to make a new product.
Research and Development refers to the line on an income statement showing the amount of money a company has re-invested during the period to find and develop new products.
The activities representing the research (testing) and development (designing) of new products, new technology, new knowledge, and/or major improvements to an existing product or process. It includes conceptual formulation, and pre-production prototypes and models.
is a systematic creative activity providing accumulation of knowledge and its usage by establishing new application fields.
Research is an activity aimed at discovering new knowledge in hopes that such activity will be useful in creating a new product, process, or service, or improving a present product, process, or service. Development is the translation of research findings or other knowledge into a new or improved product, process, or service.
Research and development limited partnership Research department
A function that performs basic and applied research and develops potential new products.
An expense reported on the income statement, reflecting the company's effort to discover and invest in new technologies. You want to make sure that the company is spending a reasonable amount on research and development, especially if it's in a rapidly changing field, in order to keep pace with that change.
Set of activities directed toward improving and innovating products and processes from a technological point of view and not from a commercial point of view. Encompasses basic research, applied research and development. Recherche-développement (R-D)
Expenditure on researching and developing new products. Development costs are related to specific products and may be capitalised.... more on Research and development
The federal and most state governments offer tax savings based on a company's investment in their own qualifying research and development.
original investigation undertaken to acquire new knowledge, and systematic work, drawing on the knowledge gained through research, to produce or improve products or processes. Page 256 and 260
all research activities both basic and applied, and all development activities that are supported at universities, colleges, and other non-profit institutions. “Research” is defined as a systematic study directed toward fuller scientific knowledge of understanding of the subject studied. “Development” is the systematic use of knowledge and understanding gained from research directed toward the production of useful materials, devices, systems, or methods, including design and development of prototypes and processes. The term research also includes activities involving the training of individuals in research techniques where such activities use the same facilities as other research and development activities and where such activities are not included in the instruction function.
(R&D): Basic and applied research in the sciences and engineering and the design and development of prototypes and processes, excluding quality control, routine product testing, market research, sales promotion, sales service, research in the social sciences or psychology, and other non-technological activities or technical services.
The phrase research and development (also R and D or R&D) has a special commercial significance apart from its conventional coupling of scientific research and technological development.