Part 1 of Essay
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. Ot ....

Part 2 of Essay
.... commercial function. R&D should be looking at two areas, which are to: A) Take as much care for the environment as possible. B) Make use of materials in the most efficient way. By doing 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 ....