Definition, Meaning & Synonyms
R&D
abbreviation
ˈär-ən-ˈdē
Definition
R&D stands for Research and Development. It refers to the activities undertaken by companies or organizations to innovate and introduce new products or services, or to improve existing ones.
Examples
- Many tech companies allocate a significant portion of their budget to R&D to keep up with rapid advancements.
- The pharmaceutical industry relies heavily on R&D to discover new treatments and medications.
Meaning
R&D plays a crucial role in fostering innovation and staying competitive in the market by developing new technologies or methodologies.
Synonyms
- Innovation
- Research
- Development
- Exploration
