Why is the percentage of business research and development spending for basic research so small?

A) Basic research is the sole responsibility of university research labs.
B) Scientific knowledge has minimal effect on technological advance.
C) Scientific principles cannot be easily patented or commercialized.
D) Basic research is confusing and not well understood by business executives.

Basic Research

Investigative studies aimed at gaining a deeper and more comprehensive understanding of fundamental aspects without immediate commercial goals.

Technological Advance

The development of new or improved technological methods, tools, or devices that enhance efficiency, productivity, or performance.

Commercialization

The process of bringing new products or technologies to the market, involving production, marketing, and sales strategies.