Difference between revisions of "Research and development"
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| − | [[Research and development]] is generating and experimenting with ideas related to new products, services, or processes. | + | [[Research and development]] (alternatively known as [[R&D]]) is generating and experimenting with ideas related to new products, services, or processes. |
==Definitions== | ==Definitions== | ||
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According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
:[[Research and development]] ([[R&D]]). Researching and developing new or improved products or services or the processes for producing them. | :[[Research and development]] ([[R&D]]). Researching and developing new or improved products or services or the processes for producing them. | ||
| + | According to the [[Strategic Management by David and David (15th edition)]], | ||
| + | :[[Research and development]]. Monies spent by firms to enhance existing products/services and/or create new and improved ones. | ||
| − | [[Category: Accounting]][[Category:Articles]] | + | ==See also== |
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| + | ===Related lectures=== | ||
| + | :*[[What Cloud Next Is]]. | ||
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| + | [[Category: CNM Cyber Orientation]][[Category: Accounting]][[Category: Articles]][[Category: Strategic Management]] | ||
Latest revision as of 18:33, 13 October 2020
Research and development (alternatively known as R&D) is generating and experimenting with ideas related to new products, services, or processes.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Research and development. Generating and experimenting with ideas related to new products, services, or processes.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Research and development (R&D). Researching and developing new or improved products or services or the processes for producing them.
According to the Strategic Management by David and David (15th edition),
- Research and development. Monies spent by firms to enhance existing products/services and/or create new and improved ones.
