Investigating The Data Of Information For The Business Purposes Essay

Primary data is when you collect and gather the data first hand in the form of a questionnaire, survey, telephone or interview. This data is specific to the company and did not exist beforehand. Sometimes referred to as field research.

Primary data is data which your business or you find and gather data to analyse. By you or the business finding the data this makes it primary because the data belongs to you making it original. The different ways to gather data is surveys and interviews by collecting data like this makes it original and reliable.

A research design can be understood as the planning of any scientific research from the first to the last step. In this sense it is a program to guide the researcher in collecting, analyzing, and interpreting facts (Bless and Higson-Smith, 1995:63).

Primary information is data which is found first-hand and can be collected via questionnaires, surveys, and interviews/focus sessions. Primary information is more dependable on rather than Secondary

Business research is a methodical process in which a company or manager recognizes a need for data in order to make effective business making decisions. “More specifically, it is a process of planning, acquiring, analyzing, and Disseminating relevant data, information, and insights to decisions makers in ways that mobilize the organization to take appropriate actions that, in turn, maximize performance” (Cooper and Schindler, 2011, p. 10).

INTRODUCTION A research method refers to a way of conducting and executing a research. Researchers frequently use a single or a combination of methods in their studies. The two methods, that is, the Longitudinal study and the Field experiments have different methodologies.

Thirdly the Business would need to collect Secondary and primary Data is data. Primary Data is a Data that is gathered by the researcher himself/herself. Secondary Data is data that is collected by someone else for another purpose.

Research methods provide guidance on designing a study. Research design and use of theory varies per research method. Each design has specific requirements pertaining to issues such as the role of theory, data collection, and the use of variables (Jackson, 2012). Researchers conduct studies when a problem or gap in the literature pertaining to a topic is identified, or when a weakness in an existing theory is identified. The researcher then formulates a research question. The research study should be designed to answer the research

Data is one of the most vital things to statistics and research information. While there are two types of data that a person might find during the research process; they are primary data and secondary data. Data can come from different sources during the research process. Primary data is any information received on a firsthand basis. An example of this would be if a researcher did an interview on a test subject the information received from the subject is primary data. Primary data is also data received while completing experiments and testing. Primary data is a better type of data to use in statistics because the researcher knows that data is more accurate. Secondary data is any type of data that a researcher gets from another source than themselves. The researcher does not know how the data was originally analysis so secondary data might not be as accurate and complete as primary data is. When using statistics to come to a conclusion about the research completed, it is best to use primary data instead of secondary data.

Primary data- this data does not exist, it requires the researcher to communicating with people or making observation about people and situation in order to generate the data. Although it is much harder and time consuming compare to secondary data, it is the most valuable resource for the company since it targets the specific problem that the company has.

Primary data is the information you collect by conducting your own research i.e. first- hand information, which is direct from the source. An example is an oral interview, which will be conducted where the researcher asks the individual questions. An oral interview is an example of qualitative information which means which means that they allow the researcher to gather people’s opinions and ideas in relation to their hypothesis. In addition, another example of Primary data would be the distribution of a questionnaire where the researcher hands out written questions to the individual, expecting a response. This type of information can be known as a quantitative methodology, which means that this type of methodology allows the researcher to gather numerical or statistical data in relation to their

design but it allows study of phenomenon to be made (Rindfleisch, A. et al., 2008;

Quantitative – research questions and hypothesis(es) clearly stated and clearly aligned with each other and with the problem and purpose statements.

Research methodology is a way how the research is conducted step by step and in order. There are two methods used for data collection which is the primary data and secondary data. These data can be obtained and used many ways. The data is taken and analyzed in advance to produce a result that we can use for research and future reference. This study will relate to the objective we want to achieve and finding the answer to every objective we seek. In order to successfully achieve the objectives we seek, we must know

It consist of research method, data collection method, data measurement method, method of analysis that carried out for the reseach.