To What Does the Term Basic Research Usually Refer

question 47

Multiple Choice

To what does the term basic research usually refer?

• A) research that is driven by simple curiosity
• B) testing of already existing products
• C) research that is necessary for the development of a new technology
• D) testing new tools to meet basic needs, such as medications

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Definitions:

Liquid Paper

A brand of white, opaque correction fluid that is applied to paper to cover mistakes in text.

Product Life Cycle

The stages a product goes through from development and introduction to the market, through growth, maturity, and eventually decline.

Divesting Strategy

A business approach that involves selling off subsidiary business interests or investments as a way to focus on core operations or to raise capital.

Harvesting Strategy

A business strategy focused on maximizing short-term profits with limited reinvestment, often used when winding down operations or in declining markets.