Definition of commercialization - SS2 Government Past Questions and Answers - page 1
1
What is commercialization?
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A
The process of creating a new idea
B
The process of turning an idea into a profitable business venture
C
The process of manufacturing a product
2
What is the goal of commercialization?
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A
To create a new idea
B
To generate revenue and profits
C
To satisfy the needs of customers
3
Which of the following is NOT a part of the commercialization process?
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A
Developing a marketing strategy
B
Manufacturing the product
C
Establishing distribution channels
4
What does commercialization involve?
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A
Setting prices
B
Creating new ideas
C
Building prototypes
5
Define commercialization in simple terms.
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6
What is the ultimate goal of commercialization?
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