Definition, Meaning & Synonyms
rdandd
Abbreviation
/ˌɑːrˈændˈdiː/
Definition
R&D stands for research and development, a crucial phase in the innovation process.
Examples
- Many tech companies allocate a significant portion of their budget to R&D to remain competitive.
- The pharmaceutical industry relies heavily on R&D to discover new drugs and treatments.
- Startups often focus on R&D to create innovative solutions to existing problems.
Meaning
R&D refers to activities that companies engage in to innovate and introduce new products and services or improve existing ones.
Synonyms
- Innovation
- Development
- Experimentation
