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BUSINESS RESEARCH METHODS CHAPTER 2 (Page 57) 1. Distinguish among the following sets of items‚ and suggest the significance of each in a research context: a. Concept and construct – A concept is a generally accepted collection of meanings or characteristics that are concrete whereas a construct is image or idea invented for a particular theory or research problem; a construct is an abstract concept. To successfully perform a research‚ we must form common ground; hence
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This system allows there to be low storage costs as spare parts arrive at the factory when they need to be used in the production line‚ which reduces the storage costs drastically. Just in time works on the basis of not having buffer stock‚ this reduces costs‚ but it’s a hard system to keep in perfect sync with the production line‚ as spare parts should arrive as the final good is about to be manufactured‚ this means that an order must trigger the production process to start. The firm needs to
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strengthens their abilities. In this report I will explain about the three methods of training that employers use for their trainees. First is the on the job training method‚ second is the off the job training and the third one is the blended training which is mix of on and off the job together. When training‚ employers shouldn’t forget to generate the employees’ interest‚ current knowledge and investment. Introducing the best practice and training method for trainees is not easy and should be planned
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“Making Sure That Marketing Decisions Match the Business Strategy” 1. Comment of this statement: “Strategies most often fail because they aren’t executed well. Things that are supposed to happen don’t happen.” A successful business strategy can help companies effectively execute and stay ahead of the competition. Maintaining strategic direction and relentlessly executing - rather than reacting to competitive conditions - is the most consistent route to success. Along with a successful strategy
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Marketing methods about Cadbury chocolates Cadbury chocolates would like to introduce a new slimming chocolate bar onto the Australian market. Which type of research methods would you recommend Cadbury chocolates use? Is primary data or secondary data more important? Introduction The biggest challenge facing existing companies globally is sustaining continued growth and expansion. The two main methods that can be adapted by companies to expand their operations are the introduction
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M1 – Explain methods used to identify the target market for the proposed business Learners need to demonstrate their understanding of the methods used to identify the target market for the proposed business. This will require them to consider a range of methods that could actually be used and to provide reasons for their choice. Market research will almost certainly be included but learners need to explain why. Other methods may prove more challenging but the selection and justification should contribute
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1. Executive Summary Cheetahs’ Internet café With fast appreciation of technology amongst the people of Zimbabwe‚ an insatiable need for access to internet has spread out across all societies in Zimbabwe. This has seen mushrooming of internet cafes in different parts of the nation. It is this mismatch between vast demand for internet services and few players in the market that has attracted me into seeking lines of credit in order to fill in the gap. Researches have arrived at a conclusion that
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I. Methods of research to be used Descriptive research can involve collecting quantitative information‚ or it can describe categories of information such as patterns of interaction when using technology in the classroom. Although it may employ fundamentals of both quantitative and qualitative research‚ descriptive research does not fit neatly into the definition of either quantitative or qualitative research methodology. Descriptive research may be used most effectively within the educational
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Business Research Methods Part I Team A QNT 561 July 16‚ 2012 Business Research Methods Part I Electronic books are becoming more popular because it offers portability‚ flexibility‚ larger capacity‚ and affordability. Barnes and Noble recognize the need to evaluate this change and therefore conduct a business research to determine the best approach to modify the business strategy. The learning team will determine an appropriate business research method to conduct a survey. The survey will
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