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Accounting > Research and Development (R&D)

The following information is about Research and Development (R&D).

Research and Development (R&D) Defined

Research is a planned activity aimed at discovery of new knowledge with the hope of developing new or improved products and services. Development is the translation of research findings into a plan or design of new or improved products and services.

This definition is in context to Accounting. See more contextual defintions for Research and Development (R&D).


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