Warning: Use of undefined constant referer - assumed 'referer' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 102

Warning: Use of undefined constant host - assumed 'host' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 105

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 106

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 109
Research And Development - Bus - Research Paper

Research And Development - Bus


Research and development is an important process for business today. Consumers needs and wants are always changing and so it is vital for the business to meet these demands with R&D to hopefully exceed customer expectations. It is also important for businesses to keep with advances such and technological and medical. Otherwise they will be left behind in the competition.
As before, R&D is very important and relies on market research information. After the research the company has to have good confidence that the product is fit for sale before they produce it. If not, they will lose money due to the large cost of production. The product specifications vary depending on consumer needs, ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

this they must calculate their costs and make sure they can do the above without getting into debts from the costs they produce. The businesses labs keep links between the universities so that they can exchange research findings which they may be able to put into practise by incorporating the new technology in their products possibly to create something innovative. It also can save time and unwanted investment.

R&D must consider factors outside it’s research department in the external environment. When designing a product the designers must look into the legal requirements of their product and see whether or not they comply. Not only may that put the company at risk of receiving a court case but also give the company a bad reputation, which may lead to decreasing sales figures. Also Safety regulations must be considered or the same thing could happen as stated before.

Apart from all the factors mentioned above the main factor that research and development relies on ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.


Already a member? Login


CITE THIS PAGE:

Research And Development - Bus. (2004, March 30). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Research-And-Development-Bus/5445
"Research And Development - Bus." Essayworld.com. Essayworld.com, 30 Mar. 2004. Web. 23 Dec. 2024. <http://www.essayworld.com/essays/Research-And-Development-Bus/5445>
"Research And Development - Bus." Essayworld.com. March 30, 2004. Accessed December 23, 2024. http://www.essayworld.com/essays/Research-And-Development-Bus/5445.
"Research And Development - Bus." Essayworld.com. March 30, 2004. Accessed December 23, 2024. http://www.essayworld.com/essays/Research-And-Development-Bus/5445.
JOIN NOW
Join today and get instant access to this and 50,000+ other essays


PAPER DETAILS
Added: 3/30/2004 06:11:37 PM
Category: Miscellaneous
Type: Premium Paper
Words: 642
Pages: 3

Save | Report

SHARE THIS PAPER

SAVED ESSAYS
Save and find your favorite essays easier

SIMILAR ESSAYS
» History And Development Of Comp...
» History And Development Of The ...
» Design-Based Research
» How the economic recession has ...
» Organization Culture and Reward...
» The Aviary, The Aquarium, And E...
» The Ansoff Matrix and Boston Bo...
» St. Jude Children's Research Ho...
» Technology And The Future Of Wo...
» Baby Growth And Development
Copyright | Cancel | Contact Us

Copyright © 2024 Essayworld. All rights reserved