What goes one step further than applied research by converting new technology applications into marketable products?
A) marketing development
B) product development
C) basic research
D) product modification

Question

Quizplus · Accepted Answer

Product development goes one step further than applied research by converting new technology applications into marketable products. This involves the process of creating a product design, developing a prototype, testing the product, making necessary modifications, and finally launching it in the market. Marketing development involves activities such as branding, promotion, and pricing strategies, but it comes after product development has taken place. Basic research, on the other hand, explores and discovers new knowledge without any immediate commercial application. Product modification involves making changes to existing products to improve them or meet new customer needs.

What Goes One Step Further Than Applied Research by Converting