Reasons for commercialization - SS2 Government Past Questions and Answers - page 1
What is the primary reason for commercialization?
To meet customer needs
To generate revenue and profits
To gain a competitive advantage
How can commercialization help a company gain a competitive advantage?
By entering new markets
By expanding existing markets
By introducing new and innovative products or services
What is one of the benefits of commercialization?
Reduced competition
Decreased customer satisfaction
Increased job opportunities
Why do investors invest in new ideas, products, or services?
To generate revenue and profits
To create employment opportunities
To meet customer needs
What is the significance of commercialization for businesses?
It helps sustain growth in the long run
It only benefits investors
It increases competition
What are the reasons for commercialization?
Commercialization is undertaken to generate revenue and profits, meet customer needs, gain a competitive advantage, expand the business, create employment opportunities, and provide returns on investments.
What is the role of commercialization in sustaining business growth?
Commercialization is crucial for businesses to achieve their goals and sustain growth in the long run by generating revenue and profits, meeting customer needs, and gaining a competitive advantage.