Research and development (R&D) includes activities that are necessary to provide new products, services, and processes. Two basic types of R&D are
A) deflationary and inflationary.
B) public and economical.
C) college and university.
D) pure and theoretical.
E) basic and applied.

Question

Quizplus · Accepted Answer

The two basic types of R&D are basic and applied. Basic research aims to expand knowledge and understanding of a specific field but does not necessarily have a practical application in mind. Applied research aims to use knowledge gained from basic research to solve practical problems or develop new products, services, or processes.

Research and Development (R&D) Includes Activities That Are Necessary to Provide