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Questions and Answers
Which step of the business research process involves determining the research objectives, the significance of the research, and conducting a literature review?
Which step of the business research process involves determining the research objectives, the significance of the research, and conducting a literature review?
- Step 1: Determining a broad problem
- Step 3: Framework and hypotheses
- Step 4: Determine measures & operational definitions
- Step 2: Defining the problem statement (correct)
What does a problem in the business research process indicate?
What does a problem in the business research process indicate?
- A gap exists between an actual and desired ideal state (correct)
- Something is seriously wrong with the current situation
- A need for immediate action
- An interest in an issue that can help improve an existing situation
Which step of the business research process involves determining the measures and operational definitions?
Which step of the business research process involves determining the measures and operational definitions?
- Step 4: Determine measures & operational definitions (correct)
- Step 5: Data collection
- Step 3: Framework and hypotheses
- Step 6: Data analysis
What is the purpose of data collection in the business research process?
What is the purpose of data collection in the business research process?
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Which step of the business research process involves interpreting the data and preparing a research report?
Which step of the business research process involves interpreting the data and preparing a research report?
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Study Notes
Business Research Process Steps
- Determining Research Objectives: This initial step outlines the goals of the study, highlighting what the research aims to achieve and its significance.
- Conducting a Literature Review: Involves reviewing existing research and theories relevant to the topic to provide a foundation for the study and identify gaps in knowledge.
Problem Indication
- A problem within the business research process often suggests a lack of clarity or understanding regarding the research question, causing potential misdirection in the study.
Measures and Operational Definitions
- This step involves specifying how variables will be measured and defining the exact meaning of terms used in the research, ensuring clarity and consistency throughout the study.
Purpose of Data Collection
- Data collection aims to gather relevant information that will help answer research questions, test hypotheses, and provide insights into the business problem being studied.
Interpreting Data and Preparing Reports
- The final step involves analyzing collected data to draw conclusions and making recommendations, culminating in the preparation of a research report that communicates findings effectively.
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