R&D Spending

R&D spending refers to the money a company invests in research and development activities to create new products, improve existing ones, or discover innovative solutions. This investment helps a business stay competitive, adapt to market changes, and drive future growth. It often includes costs for scientists, engineers, testing, and experimentation. While R&D spending can be significant and uncertain, it is essential for long-term success, as it fosters innovation and technological advancement that can lead to new revenue streams and increased market share.