Unit 6 Business Decision Making Essay

4. The key methods of collecting primary data (1.1). Justify the choice and application of data collection methods and research instruments to explore an area under investigation (2.3). Evaluate their relative strengths and weaknesses (2.4)

There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.

Compare and contrast quantitative and qualitative methods on each of the elements listed. Please use scholarly, academic literature to support your response.

The quantitative research design was used for this research. According to Vogt, W. P. (2005), quantitative research emphasizes the measurement and analysis of causal relationships between variables, not processes. Aliaga and Gunderson (2005) defines quantitative research as ‘Explaining a phenomena by collecting numerical data that are analyzed using mathematics based methods’ this approach

Most of my competitors are coming up short with regards to their clients’ experience. This has given me the chance to captivate those same clients into building brand loyalty with my company. I will truly converse with my clients, address

A meeting was held at NDEQ with Duonix representatives. The discussion was based on modifications to the biodiesel facility located in Beatrice. Duonix plans to modify the process flare operation by removing the 5,800 hours/year operational limitation and incorporating and recalculating the emission factors using test data. The use of test data decreased the emissions from the flare. Mr. Ellis requested for the submittal of the performance test data to support the construction permit application. Duonix expressed that initially, the operational limitation was taken to stay under the State-Toxic Best Available Control Technology (T-BACT). The current annual actual emissions from the flare are 3.7 tons of VOC, and 0.5 tons of Methanol (the primary

To develop a preliminary set of questionnaire items as exhaustive as possible, data will be triangulated from several data sources:

We are going to collect sample data and test it for conclusions. The main data collection methods will be secondary data from online sources and through questionnaires.

Second, I would like you to create an evaluating system. It is critical that we know how we are doing from another perspective. Customers may be satisfied with our services, but others might not.

Give a brief description of your given Industry. Who are the served customers, and what “value” do the firm deliver

Who are the current customers/users? Include information related to demographics, psychographics and buying behavior, price sensitivity, customer satisfaction and loyalty.

As stated previously in the research design section of this paper the data collection methods used were by using survey questionnaires, interviews, focus group interviews and observations.

The main area of data collection and research methodology was the collection of a number of surveys. In our research we used a questionnaire method which participants chose the correct answer in relation to their personal experience. The questions were all closed end questions. The responders where given a list of questions and responses from which to choose their answer. The structure of a questionnaire is important because it is vital to create trust when asking personal questions. Sensitive questions are placed more towards the end of the survey in order to gain some conviction. The reason for choosing the survey research method is because it has a number of compelling benefits. Most notably using an online survey platform allows people to take the survey quickly efficiently in their own home. You can also find a vast number of people online willing to take the survey. It has a very low cost and a slightly higher response rate than other forms of research. The response rates aren’t as high as face-to-face but are higher than mail surveys. Overall this was a very cost effective means of gathering information about a specific topic from a wide range of people.

After collecting the data we enter into the process of data selection. It is not enough if we simply collect the data, it is also necessary to select the data that we going to process. There are many data

• Our client is a large auto manufacturer who is thinking about making a device that will increase the fuel efficiency of the car by 20%. What is the market for the product? What should it be priced at? • Our client is the PVR. They want a growth strategy for the next five years? What are your recommendations? • Our client is Kingfisher. Their main product is Kingfisher beer. They want to know if they can switch from glass to plastic bottles. What are the advantages and disadvantages of such a move? Also estimate the size of the Indian Beer Market