Meaning of research and development

 

 

 

Research and development

 

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Business glossary

 

Meaning of term research and development :

 

Research and development is spending to try to find new products and to improve existing products. Research and development spending by firms is vital if the economy is to maintain economic growth in the medium to long term and is vital for firms if they are to remain at the leading edge in their market.

 

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Research and development

 

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Meaning of term research and development

 

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Meaning of term research and development