Applied research is the major R&D effort of business organizations because of their desire for commercial applications. A. True
B. False

True.

Explanation:

In Business management, applied research is the major research and development (R&D) effort of business organizations because of their desire for commercial applications.

An applied research can be defined as a methodology used by researchers to solve a specific or particular, practical and unique issue facing an individual, group of people, or organizations in the society. Business irganizations who use an applied research are focused on proffering a solution to a specific problem facing an industry or group of people in a society.

Hence, once they're successful in their scientific research and developing the solutions, they can then be used on a large scale.

Some of the fields were business organizations that use applied research can be found are medicine, education, food, technology, crime etc.

Peter seems to be building a historical or past sales method to forecast future sales. In this model, you use past sales data to determine what the average sales have been for certain periods and use that number to forecast predicted sales for the same time period for the current year.