Why is the percentage of business research and development spending for basic research so small?
A) Basic research is the sole responsibility of university research labs.
B) Scientific knowledge has minimal effect on technological advance.
C) Scientific principles cannot be easily patented or commercialized.
D) Basic research is confusing and not well understood by business executives.

Question

Quizplus · Accepted Answer

Basic research is focused on fundamental scientific principles and knowledge, which may not result in immediate practical applications or commercialization potential. As a result, companies may not see the same financial return or competitive advantage from investing in basic research compared to more applied research and development efforts. Additionally, basic research findings and principles may not be easily patentable, further reducing the incentive for businesses to invest in this type of research.

Why Is the Percentage of Business Research and Development Spending