R&d
Definition 1 of 1

Context
R&D is often discussed in business contexts when referring to expenses or budgets.

The new R&D initiative was launched in the spring.
Nuance
In many industries, R&D is a sign of a company’s commitment to growth and improvement.

The firm increased its R&D budget to boost innovation.
Misconception
Some may think R&D is only about science, but it also includes market research and user feedback.

Our R&D process includes gathering customer insights to improve design.
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