A basic or applied research method for the purpose of creating new or for improving existing materials, devices, products or processes.
R & D is a very important step in product development and takes time. It can come in many forms and is absolutely necessary in order to determine whether or not your product will accommodate the industry to which it is entering, and the consumer.
Some of the various forms that R & D can take are:
- Material Sourcing
- BOM (Bill of Materials)
- Pricing & Cost Analysis
- Packaging & Shipping
- Financial
- Quality Control
- Field Research
- Sales & Marketing
- Legal Services
- Licensing
- Engineering Services
- Prototyping & Samples
- Product Testing
- Small Manufacturing
- Trade Shows & Demos
- Industry & Product Cycles
- Industry Organizations
- Education
- Public Resources
- Vendor Relations
- International Business Development
- Import/Export
