📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    What is the term used to describe the process of

    transforming an idea or invention into a marketable product or service?
    A Ideation Correct Answer Incorrect Answer
    B Innovation Correct Answer Incorrect Answer
    C Commercialization Correct Answer Incorrect Answer
    D Standardization Correct Answer Incorrect Answer

    Solution

    Commercialization refers to the process of bringing an idea or invention to market and turning it into a commercially viable product or service. It involves activities such as product development, marketing, and distribution to make the product available to customers and generate revenue.

    Practice Next
    More Organisation Behaviour Questions

    Relevant for Exams:

    ask-question