The Difference Between Basic Research and Applied Research Is That

question 71

Multiple Choice

The difference between basic research and applied research is that basic research is conducted to:

• A) determine the most appropriate basic price for new products.
• B) determine the most efficient basic distribution channels for products.
• C) expand our knowledge rather than to solve a specific problem.
• D) determine the most basic desired features in new products.
• E) understand the basic desires and motives of consumers.

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Definitions:

Source of Income

The origin or means by which an individual, entity, or government receives money, typically for work performed, investments, or other financial mechanisms.

Market Situation

The status and dynamics within a specific market at a certain time, influenced by factors such as supply and demand, competition, and regulatory environment.

Social Honor

The prestige, respect, or esteem that an individual or group receives from others within a society, often based on their actions, achievements, or social standing.

Stratification Theory

A sociological perspective that focuses on the structured social inequality or hierarchical layers of society, influenced by factors such as class, race, and gender.