Technology development is a much broader concept than research and development.

Question

Quizplus · Accepted Answer

Every value activity embodies technology. The array of technologies employed in most firms is very broad, ranging from technologies used to prepare documents and transport goods to those embodied in processes and equipment or the product itself. Technology development related to the product and its features supports the entire value chain, while other technology development is associated with particular primary or support activities.

Technology Development Is a Much Broader Concept Than Research and Development