R&D

Product Research and Development (PR&D)
Product Research and Development (PR&D) involves activities performed by a team of professionals working to transform a product idea into a technically sound and promotable product. This process, also referred to as Research & Development (R&D), is essential for innovation and maintaining competitive advantage in the market.
Research and Development (R&D)
Research and Development (R&D) refers to the investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures. Key components are innovation and technological advancements.
Research-Intensive
A research-intensive product, project, or industry demands a significant number of man-hours dedicated to research. These applications often involve intricate and complex technologies.

Accounting Terms Lexicon

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