Question

Research and Development become important for the development of a country. Which of the following reason(s) is/are true about this statement?

• A. Because R&D reflect the true economic and social conditions prevailing in a country.
• B. Because R&D target the development of residents.
• C. Because R&D can improve the standard of living.
• D. All of the above

Answer 1

The correct option is D All of the above

R&D (Research & Development) plays a very important role in the success of a business. R&D contributes to sustainability of business. Every failure in a R&D effort increases the pressure to perform. R&D helps a business to have a competitive edge over its competitors.

R&D activities differ from institution to institution, with two primary models of anR&D department either staffed by engineers and tasked with directly developing new products, or staffed with industrial scientists and tasked with applied research in scientific or technological fields, which may facilitate future.