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 often involves fundamental scientific principles that are more challenging to patent or commercialize compared to applied research or development projects, which can more directly lead to marketable products or processes. This makes businesses less inclined to invest heavily in basic research, as the direct path to monetization is not as clear.

Why Is the Percentage of Business Research and Development Spending