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What Is the Difference Between Basic and Applied Research

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What is the difference between basic and applied research?


Definitions:

Future Decisions

Choices or resolutions that will be made at a later time, based on the evaluation of data, trends, and potential outcomes.

Capital Budget

A budget for investments in major physical assets, such as buildings and machinery, expected to provide benefits in the future.

Maintenance Supplies

Items and materials used in the routine care, repair, and upkeep of machinery, buildings, and equipment to ensure operational efficiency and safety.

Supply Planning Process

The proactive method of coordinating assets to optimize the supply of products and services.

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