What does commercialisation mean?
Definitions for commercialisation
com·mer·cial·i·sa·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word commercialisation.
Princeton's WordNet
commercialization, commercialisationnoun
the act of commercializing something; involving something in commerce
"my father considered the commercialization of Christmas to be a sacrilege"; "the government tried to accelerate the commercialization of this development"; "both companies will retain control over the commercialization of their own products"
Wikipedia
commercialisation
Commercialization or commercialisation is the process of introducing a new product or production method into commerce—making it available on the market. The term often connotes especially entry into the mass market (as opposed to entry into earlier niche markets), but it also includes a move from the laboratory into (even limited) commerce. Many technologies begin in a research and development laboratory or in an inventor's workshop and may not be practical for commercial use in their infancy (as prototypes). The "development" segment of the "research and development" spectrum requires time and money as systems are engineered with a view to making the product or method a paying commercial proposition. The product launch of a new product is the final stage of new product development - at this point advertising, sales promotion, and other marketing efforts encourage commercial adoption of the product or method. Beyond commercialization (in which technologies enter the business world) can lie consumerization (in which they become consumer goods, as for example when computers went from the laboratory to the enterprise and then to the home, pocket, or body).
ChatGPT
commercialisation
Commercialization is the process of introducing a new product or service into the market with the aim of making it available for sale and profitable. This process involves production, sales, marketing, distribution, customer support, and other key functions. The main objective is to maximize profitability and achieve a sustainable competitive advantage.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of commercialisation in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of commercialisation in Pythagorean Numerology is: 8
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Translations for commercialisation
From our Multilingual Translation Dictionary
- kommercialiseringDanish
- comercializaçãoPortuguese
Get even more translations for commercialisation »
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"commercialisation." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/commercialisation>.
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