Research and Development Flashcards
1
Q
Explain the importance of R&D (Research and Development).
A
Improved quality of materials, processes, development of new technologies, checking quality of products against standards, gain competitive edge.
2
Q
What does R&D involve?
A
Can involve the development and testing of new materials, processes, systems, production equipment, finishes, etc.
Can also involve investigating competitors, purchasing patents, visiting trade fairs, purchasing scientific/technological knowledge/expertise.
