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

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2
Q

What’s the purpose of inebriation and research & developing

A
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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

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4
Q
A
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