100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Business Research Methods test 1 Questions and Correct Answers the Latest Update $12.49   Add to cart

Exam (elaborations)

Business Research Methods test 1 Questions and Correct Answers the Latest Update

 0 view  0 purchase
  • Course
  • Business Research
  • Institution
  • Business Research

Business Research the application of the scientific method in searching for the truth about business phenomena. Applied Research conducted to address a specific business decision for a specific firm or organization. Basic Research (sometimes referred to as pure research) is conducted with...

[Show more]

Preview 2 out of 14  pages

  • November 11, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Business Research
  • Business Research
avatar-seller
TestTrackers
TestTrackers: Unlock Your Exam Potential! | Quality Practice Materials | Boost Your Confidence Today!



Business Research Methods test 1
Questions and Correct Answers the Latest
Update
Business Research

✓ the application of the scientific method in searching for the truth about business
phenomena.



Applied Research

✓ conducted to address a specific business decision for a specific firm or organization.



Basic Research

✓ (sometimes referred to as pure research) is conducted without a specific decision in mind
and it usually does not address the needs of a specific organization.



The Scientific Method

✓ the way researchers go about using knowledge and evidence to reach objective
conclusions about the real world.



Product-oriented firm

✓ the firm prioritizes decision making in a way that emphasizes technical superiority in the
product



Production-oriented firm




|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]

, TestTrackers: Unlock Your Exam Potential! | Quality Practice Materials | Boost Your Confidence Today!


✓ the firm prioritizes efficiency and effectiveness of the production processes in making
decisions (i.e., drive costs down)



Marketing-oriented firm

✓ focuses on how the firm provides value to customers more than on the physical product or
production process.



Data

✓ facts or recorded measures of certain phenomena (things or events)



Information

✓ data formatted (structured) to support decision making or define the relationship between
two facts.



Business Intelligence

✓ the subset of data and information that actually has some explanatory power enabling
effective decisions to be made.



Knowledge

✓ is a blend of information, experience, insight and data that form organizational memory
- a key resource and a potential competitive advantage



Knowledge Management




|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart