The process of taking a new technology from the laboratory to the marketplace is called
A)economies of scope versus operating leverage.
B)the R&D mix.
C)technological competence.
D)technological discontinuity.
E)technology transfer.

Question

Quizplus · Accepted Answer

The process of taking a new technology from the laboratory to the marketplace is called technology transfer. This involves the transfer of knowledge, skills, and expertise from the research and development (R&D) stage to the commercialization stage. Technology transfer is a critical stage in the innovation process and involves various stakeholders such as researchers, investors, entrepreneurs, and policy makers. It involves the adaptation, replication, and diffusion of technology across different sectors, industries, and countries.

The Process of Taking a New Technology from the Laboratory