Research and development (R&D) involves creating new products, technologies, or processes, product development, and process development to enhance productivity and societal welfare.
Research and development (R&D) involves creating new products, technologies, or processes to enhance productivity and societal welfare. It can be described as projects that take scientists' ideas and aim to generate outcomes with practical uses.
Employees in R&D divisions engage in product development by creating new products and improving existing ones, and process development by finding ways to enhance operations and reduce production costs.
Investing in R&D is essential for advancing technology and achieving innovation in various industries.
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