Systematic activity combining both basic and applied research, and aimed at discovering solutions to problems or creating new goods and knowledge. R&D; may result in ownership of intellectual property such as patents. In accounting for R&D; costs, the development costs may be carried forward but the basic and applied research costs are often written-off as incurred.
Use 'research and development (R&D;)' in a Sentence
It is important to always be strong in research and development so that you can come up with new innovative products.
In the video game Metal Gear Solid: Peace Walker, I assigned Huey Emmerich to the research and development team to create new weapons and items.
Our research and development team was working around the clock to make things better for our company and they were doing a great job.
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Notable Quotable
What R&D; Depends On
"Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. It's not about money. It's about the people you have, how you're led, and how much you get it."