Question

Which is not an example of commercialization?
A. Setting up of marriage bureaus
B. Teaching of personality development in the institutions
C.Personality development in a household environment
D. All of these

Answer 1

Hint: Commercialization is the process of bringing new products or services to the market. A wide range of commercialization activities involves production, distribution, marketing, sales, customer support, and other key functions that are critical to the commercial success of a new product or service.

Complete step by step answer:
Generally, commercialization occurs after small businesses grow and expand their business scale to a level that enables them to successfully enter a larger market. For example, if a small bakery is known for its cinnamon rolls and successfully sells them, it can commercialize its products by selling the packaged cinnamon rolls to a local grocery store, where other grocery stores can buy them Pastries, while bakeries can increase their sales are affected by many factors.
The commercialization process has three main aspects:
1. Funnel. It's important to consider multiple ideas for getting one or two products that are sustainable over the long term.
2. Commercialization is a gradual process, and each phase has its own main purpose and phase.
3. It is important to involve key stakeholders, including customers, beforehand.
The establishment of marriage bureaus and personality development agencies is an example of commercialization. Family personality development is not for profit, so it is not an example of commercialization.
So, the correct answer is Option C.

Note: In a company, a stakeholder is a member of the "group without which the organization would cease to exist" as defined in the first use of the word in the Stanford Research Institute internal memorandum of 1963.