Which of the following statements is true for basic research?
A)It refers to accumulating knowledge necessary to determine the means by which a recognized and specific need may be met.
B)It refers to the use of technology to understand the latent needs and preferences of the customers in the market.
C)It refers to the pursuit of scientific investigations without commercial goals, focusing on unravelling the secrets of nature and finding new knowledge.
D)It refers to the process of promoting the use of scientific knowledge in forecasting the demands of different products in the market.
E)It refers to establishing an infallible supply chain network by incorporating the best practices in channel distribution.

Question

Quizplus · Accepted Answer

Basic research is primarily focused on expanding knowledge rather than applying it to solve specific problems, which is why it is described as the pursuit of scientific investigations without commercial goals, aiming to uncover new knowledge about the natural world.

Which of the Following Statements Is True for Basic Research