In economics business means human skill of managing people to organize and maintain collective productivity toward accomplishing particular creative and productive goals to generate profit. Such activity refers to commercially viable and profitable work that needs extensive research, analysis and training before its commencement…
Speaking in the terms of economics we need to strengthen first the factors of production to set up a new venture namely land, labour, capital and organization; be it either service oriented or manufacture based or even trading. The first and foremost necessity is the project with clear layers of strategic growth. One has to acquire land that covers building and machinery for the initiation. After the acquisition of the land, the entrepreneur has to move on proper legal documentation such as “Registration of the Firm”. Once the registration is done furnishing its source of fund, annual estimated turn over, chain of man power and delegation of responsibilities we can precede further. Then it is important needs to the source of raw materials that have to be procured from the possible cheapest region with the lowest cost of transportation. Eventually we need a clear road map to market our product. Thus, every entrepreneur set the bridge of profit across the flow of the possible consumers. ...
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(“Business Research Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
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(Business Research Essay Example | Topics and Well Written Essays - 1250 Words)
“Business Research Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.net/business/330698-business-research.
The use of qualitative and quantitative methods in business research is a common phenomenon. In fact, the above methods are considered as most appropriate for the particular type of research as they are already extensively tested in practice, at the level that these methods are widely used in research studies within various sectors.
The business strategies used in a couple of decades before are outdated at present because of the entry of globalization, liberalization and privatization. Global economy has increased its interdependence. The problems occurred at some part of the world can affect other parts as well because of this increased interdependence of global economy.
This paper, in its first part, will discuss the purpose and importance of business research in detail. It will also put light on how it is conducted and its strength and weaknesses. The second part of my paper will examine and analyze my own business research proposal.
The choice of research methods employed in a particular research project is depended primarily on the targets set by the researcher; however, the availability of research tools is not always guaranteed. Two
First and foremost, the research question or the problem is clarified for which solution is being sought. Well defined problem is half the solution. After the research is proposed and the method of conducting is designed, relevant data is
Quantitative business research is research which addresses research objectives through empirical assessment, numerical measurement and analysis. The resulting quantitative data represent the phenomena by assigning numbers in an
A research in a homogenous community requires a smaller sample size than the one in heterogeneous community (Zickmund & Babin, 2007). Second, the researcher has to set the magnitude of the allowable error. Using a
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