Which of the following statements concerning research and development is correct?
A) Exploratory research is more important than development research.
B) Development research is more important than exploratory research.
C) Exploratory research is directed toward commercialization of a new technology.
D) Development research advances basic science.
E) Exploratory research and development research are needed for internal new venturing.

Question

Quizplus · Accepted Answer

Exploratory research and development research are both important for internal new venturing, as exploratory research helps to identify new opportunities and development research helps to turn those opportunities into new products or processes. Both types of research are necessary for innovation and growth within a company.

Which of the Following Statements Concerning Research and Development Is