Question

Importance of research and development in business

Answer 1

Research and Development departments are common in many larger companies, especially those working with newer products or technologies subject to important shifts. While research and development work can be instrumental in creating new products or adding features to old products, the work that the department does is more complex than simple innovation. R&D; is connected to marketing, cost management and other parts of business strategy.

Answer 2

in business research and development are very important .it creates sustainability in business. it provides a platform for creativity and innovation to flourish in an organisation.
if you like my answer. then please mark as brainliest answer. thankyou!