Basic research and development describes
A) focusing specifically on how a technological innovation can be put to use in the making of a product or service that can be sold in the marketplace.
B) those activities that do not create value for the firm.
C) the process involved in getting a new technology out of the lab and into the marketplace.
D) improving knowledge in an area without a primary focus on whether any discoveries that might occur are immediately marketable.
E) those activities that increase a company's revenues.

Question

Quizplus · Accepted Answer

Basic research and development refers to the process of improving knowledge in a particular area, with the primary focus on increasing the understanding or developing new theories, concepts, or technologies, without any immediate commercial applications. This type of research is typically conducted by universities, research institutions, and private companies to advance the field and create a foundation for future discoveries and innovations. Its main objective is to generate new knowledge and ideas that can eventually lead to practical applications, though this is not the immediate goal.

Basic Research and Development Describes