Preview

Business Research Method 600 Week 5

Good Essays
Open Document
Open Document
1029 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Research Method 600 Week 5
DB Forum 3
1.Ch.11 - 6 -- Below are listed some objects of varying degrees of abstraction. Suggest properties of each of these objects that can be measured by each of the four basic types of scales.

a. Store customers:
Nominal – gender, race, religion, age, marital status
Ordinal – frequency of purchases (frequent, seldom, never)
Interval –
Ratio – total monthly purchases

b. Voter attitudes
Nominal – democrat, republican, independent, other
Ordinal – popularity of candidates
Interval –
Ratio – number of votes cast for each candidate
c. Hardness of steel alloys
Nominal – types of alloys
Ordinal – The order of alloys in terms of hardness
Interval – Rank/Scale in terms of hardness
Ratio – Ratio of softer to harder alloys

d. Preference for a particular common stock
Nominal – industry and sector classifications of stock
Ordinal – order of stock in terms of preference
Interval – ranking scale in terms of preference or ranking scale in comparison to other similar stocks within the same industry classification
Ratio – stock performance ratio over a given time period
e. Profitability of various divisions in a company
Nominal – the various divisions in the company
Ordinal – the order of the most profitable divisions to the least profitable divisions
Interval – ranking scale of profitability among various divisions
Ratio – ratio of profitability each year
2. Ch. 12 - 2 -- Assume you are Menu Foods and you planned a major research study just prior to the largest pet food recall in our history. You plan to proceed with the study and feel you must add one or more questions to measure the consumer’s confidence that your firm will be able to recover. Draft a scale for each of the following types that will measure that confidence.

a. Constant-sum scale
On a scale of 1 – 100, please rate your confidence in Menu Foods products:
Before the recall ____
After the recall ____
Before + After = 100
b. Likert-type summated scale
I,

You May Also Find These Documents Helpful

  • Good Essays

    Addressing the funding of nonprofits in today’s environment requires creativity. Government funding cuts play a major role in a non-profits currently surviving on a safety net established with the Recovery and Reinvestment Act of 2009 (Senior Homes). Nonprofits also often receive state funds; with the recent economic downturn the groups receiving state support are receiving less funding and the money sent is often in the rears. As state and federal budget cuts loom, resources for nonprofits must rely on the private sector for funding and support. From 1999 to 2009 there was a 31% increase in nonprofit organizations according to the latest data (Charitable Statistics). With this increase in nonprofit organizations, there is a more competitive market for the allotted monies from both public and private resources which cause straining in the market. Organizations must think outside the box to pursue fundraising and awareness to their cause and campaign to differentiate themselves from those with similar missions in such a competitive market. Streamlining data and administrative processes are underway with many nonprofits. Not possessing the funding to develop a digital presence can also cause funding to move slowly since online marketing is a way to raise awareness and attention to potential funding sources.…

    • 594 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Business Writing portfolio You are a public relations manager called upon to present some information regarding changes in retail store operations to three different sets of stakeholders of a retail clothing store chain. The stakeholders include store managers, store employees, retail customers and the public. You must explain adjustments made to combat rising gas prices in an effort to save money on store operations while allowing employees to come to work on fewer days per week. Stores will now be closed on Sundays. Monday through Saturday, stores will be open an hour later and closed an hour earlier. Full-time employees, including managers, will have four 10-hour-day workweeks and part-time employees will consolidate their hours into 1-,…

    • 1205 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Business Research - Rwt-1

    • 3333 Words
    • 14 Pages

    ABC Corporation is a retail establishment that has attained a stronghold in the United States through brick and mortar stores. Desiring to increase revenue and broaden its customer base, ABC is currently entertaining the idea of entering the online sales arena. Allison Enright, (2012) Editor of Internetretailer.com, states that,” U.S. e-commerce sales accounted 5.1% of total retail spending, according to an estimate released last month by the U.S. Department of Commerce. It is the first time that e-commerce as a percentage of total retail spending has topped 5%.” These figures suggest ABC’s desire to break into online markets is both timely and fiscally sound.…

    • 3333 Words
    • 14 Pages
    Powerful Essays
  • Better Essays

    Financial benchmarking is a performance way to analysis the overall productivity of the organization while still remaining competitive within your industry. This method is effective so that the financial sector of the organization will always have a goal that must be meet in order for the bottom line to not be affected to much throughout the fiscal…

    • 1391 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    The ‘Bank of England is referred to ‘the old lady of threadneedle street’ because because it has been located in its setting since 1734.…

    • 382 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    4) A(n) ________ is any individual, group, or organization outside a firm that seeks to reduce the level of that firm's performance.…

    • 857 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Sincero, S. M. (2012, May 10). Methods of Survey Sampling. Retrieved May 11, 2015, from Explorable: https://explorable.com/methods-of-survey-sampling…

    • 1038 Words
    • 3 Pages
    Better Essays
  • Better Essays

    5. In the following situations, decide whether you would use a personal interview, telephone survey, or self-administered questionnaire. Give your reasons.…

    • 971 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    b. Rank-order: Numeric variable in which the values are ranks, such as class standing or place finished in a race. Also called ordinal variable (Aron, 2013).…

    • 1224 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Describe the different types of business ownership, linking this to the size and scale of four different organisations…

    • 478 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Quiz 2

    • 1178 Words
    • 4 Pages

    The nominal level of measurement is defined by the text as the characteristics of an outcome that fits into one and only one class or category or by their names solely. An example of this would be polling people on their political affiliation. You can measure yourself as only one affiliation, (Republican, Democrat, or Independent), but not more than one.…

    • 1178 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Last week our team was tasked to analyze each team member 's sampling and data collection plan. With this research we were able to incorporate the best elements into one team sampling and data collection plan, also showing the strength and weaknesses, the differences and the collaboration of the team’s final results, to terminate the best statistical data for our business plan. We chose Surveys and Direct observation on our research project; we analyzed the company and identified the company’s Survey’s and Direct observation as our research problem. Based on that, we set our research hypothesis as the possible causes or reasons that lead the company to have a low percentage of surveys for this clubs and a high volume of extreme high strength when using direct observation.…

    • 731 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Scaling Study

    • 766 Words
    • 4 Pages

    This paper is study of the efficiency of setting up a survey questionnaire. A short questionnaire of 5 questions was distributed to 11 selected participants. The participant’s answers were calculated and analyzed. The two different types of questions that was used in the survey where the rating and ranking scale. The participants were asked to compare a new product on a 4-point rating scale without comparing it to another product. The other portion of the survey was made up of ranking scale questions were the participant was asked to make a comparison and determine what rank-order the importance of the product is in taste, price, and convince.…

    • 766 Words
    • 4 Pages
    Good Essays
  • Better Essays

    UPS is an organization that depends on reliable and efficient employees and management. More importantly, the organization must maintain dependability and efficiency while upholding a strict set of safety procedures and guidelines ("Ups Enterprise Portal", 2013). It is essential that all employees are properly trained on all operating safety procedures and for management to continually enforce safety guidelines.…

    • 1857 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    6) The names of the positions in a corporation, such as chief operating officer or controller, are examples of what level of measurement?…

    • 326 Words
    • 2 Pages
    Satisfactory Essays

Related Topics