27A : THE ROLE OF RESEARCH & DEVELOPMENT (not Fin) Flashcards
1
Q
Define research, development and innovation
A
Research: the investigation and disco of new ideas to solve problems
Development : changing ideas into products
Innovation: commercial exploration of an invention
2
Q
What’s the purpose of inebriation and research & developing
A
3
Q
What are the benefits of research & development
A
Consumer benefits : technology can lead to lower prices
Working environment : new machinery should cut costs, raise productivity, enviroment better for workers
Competitive edge : develop new products able of rivals
4
Q
A
