Question3. How can you assess the following factors affecting the viability of possible solutions?Explain:

• Commercial potential
• Suitability for the target audience or purpose
• Feasibility of implementing the solution
• Question 4. Explain three (3) broad practical or operational issues that will determine if a new concept can be implemented and brought to a market.Explain

Answer the following questions:

1. 5.1. What is commercialisation?
2. 5.2. What are the three (3) issues that need to be satisfied before the commercialisation of a product?
3. 5.3. What are the different steps in the commercialisation of a product?

5.4. What are the Intellectual property (IP) requirements to commercialise the concept?