What does Commercialization mean?
Definitions for Commercialization
com·mer·cial·iza·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Commercialization.
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"
Wiktionary
commercializationnoun
the act of commercializing
Wikipedia
Commercialization
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
commercialization
Commercialization is the process of introducing a new product or service into the market for public consumption with the aim of generating profit. It involves activities such as market research, product development, production, marketing, sales, distribution, and customer support.
Wikidata
Commercialization
Commercialization is the process or cycle of introducing a new product or production method into the market. The actual launch of a new product is the final stage of new product development and the one where the most money will have to be spent for advertising, sales promotion, and other marketing efforts. Commercialization is often confused with sales, marketing or business development. The Commercialization process has three key aspects: ⁕The funnel. It is essential to look at many ideas to get one or two products or businesses that can be sustained long-term. ⁕It is a stagewise process, and each stage has its own key goals and milestones. ⁕It is vital to involve key stakeholders early, including customers.
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Numerology
Chaldean Numerology
The numerical value of Commercialization in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of Commercialization in Pythagorean Numerology is: 6
Examples of Commercialization in a Sentence
The way to make an impact is to go to the commercialization of the device, so we certainly want to explore that path.
Given that the reserve price has not been met, the consultations (bids) have been declared unsuccessful, the LFP gives itself 48 hours to define the next steps to take in the commercialization of its rights.
The many forms of slavery, the commercialization, and mutilation of the bodies of women, call out to us to be committed to defeat these types of degradation that reduce them to mere objects that are bought and sold ....
This signifies the policy changes from the central government as China is moving to commercialize GMO corn, gMO corn commercialization would benefit Chinese farmers, especially those in northeastern China.
We're at a clear inflection point and facing exponential growth of space commercialization, having a better, global understanding of what's already up in space is critical to powering the new space economy.
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Translations for Commercialization
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"Commercialization." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/Commercialization>.
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