Which of the following best explains the meaning of basic research?
A) Basic research usually has a larger immediate payoff than applied research.
B) Basic research is a search for general knowledge without a specific product or procedure in mind.
C) Basic research is research done by a firm to market a good.
D) Basic research is research done by a firm during production of a good.

Question

Which of the following best explains the meaning of basic research?  
A) Basic research usually has a larger immediate payoff than applied research. 
B) Basic research is a search for general knowledge without a specific product or procedure in mind. 
C) Basic research is research done by a firm to market a good. 
D) Basic research is research done by a firm during production of a good.

Quizplus · Accepted Answer

Basic research is focused on improving general knowledge in a specific field without the intention of creating a specific product or procedure. It is aimed at expanding scientific knowledge rather than immediate application.

Which of the Following Best Explains the Meaning of Basic