BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Basic Research can be explained as research that tries to expand the already existing scientific knowledge base. On the contrary, applied research is used to mean the scientific study that is helpful in solving real-life problems. While basic research is purely theoretical, applied research has a practical approach.

Detailed explanation-2: -Basic research results in the acquisition of new knowledge and it also expands existing knowledge while applied research does not lead to the acquisition of new knowledge. Applied research only focuses on applying knowledge to solve existing problems hence, it is solution-specific.

Detailed explanation-3: -Basic research is concerned with the generalization of a theory in a branch of knowledge; its purpose is usually to generate data that confirm or refute the initial thesis of the study. It can also be called foundational research; many things get built on this foundation, and more practical applications are made.

Detailed explanation-4: -Basic research, or fundamental research, is a type of investigation focused on improving the understanding of a particular phenomenon, study or law of nature. This type of research examines data to find the unknown and fulfill a sense of curiosity.

Detailed explanation-5: -Basic research is performed without thought of practical ends. It results in general knowledge and understanding of nature and its laws. The general knowledge provides the means of answering a large number of important practical problems, though it may not give a complete specific answer to any one of them.