Main function of research and development, Chemistry

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Q. Main function of Research and Development?

The main function of Research and Development in the food processing operation is the development of new products, which can contribute to overall profitability of an operation. The main factors to be considered in evaluating proposed projects include:

• Feasibility

• Historic Background

• Approach and timing

• Cost of project

• Compatibility with company's objectives

• Patent position

• Market potential

• Availability of raw materials

• Estimated investment to capitalize and estimating returns

• Sales promotion required to introduce a new product

• Legal problems

• Distribution channels

• Operational and microbiological hazards involved

• By-product utilization

• Competitors aspect


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