Meaning, reasons, advantages and disadvantages of commercialization - SS3 Commerce Past Questions and Answers - page 1
1
What is the meaning of commercialization?
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A
Transforming a product into a viable entity for profit
B
Meeting market demands
C
Generating economic benefits
2
Why do businesses commercialize their products?
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A
To meet market demand
B
To generate profits
C
All of the above
3
What is one advantage of commercialization?
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A
Increased access for consumers
B
Reduced financial investment
C
Elimination of market risks
4
What is one disadvantage of commercialization?
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A
Ethical considerations
B
Reduced financial investment
C
Elimination of market risks
5
What is the main reason for commercialization?
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A
Profitability
B
Market research
C
Cost reduction
6
How does commercialization contribute to economic growth?
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7
What are the risks associated with commercialization?
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